bonds

General obligation bonds are debt the city takes on and promises to pay back with interest. These bonds are paid with property taxes, and typically, new ones are issued when old ones are paid off. That way, property taxes don’t increase.

The Alibi endorses all bonds in 2010. Here's a quick rundown:

The Alibi endorses all bonds proposed on the ballot. This year, all bonds are General Obligation (GO). Bonds are debt the city incurs for capital improvement projects. When a city takes out a bond, it promises to pay the balance back in full with interest. None of these bonds will increase property taxes. Here's what you're being asked to vote for.