On May 2, 2024, the Cary Town Council unanimously approved a proposed general obligation bond referendum, which will be presented to voters on November 5, 2024. The referendum consists of two separate ballot questions totaling $590 million aimed at funding various capital projects and programs, including parks, recreation facilities, and affordable housing initiatives.

The first question seeks approval for a $560 million parks and recreation bond, which will finance the construction of a new multi-generational sports and recreation community center in the South Hills District, a $150 million multipurpose community center at Mills Park, and an expansion of the Cary Tennis Park. The proposed projects also include a $30 million initiative to enhance the Walnut Creek Greenway and the development of a 1 to 2-acre Asian garden, reflecting Cary's diverse cultural heritage.

The second ballot question proposes a $30 million housing bond aimed at supporting affordable housing initiatives for residents with lower incomes. This initiative aligns with the goals outlined in the Imagine Cary Community Plan and the Cary Housing Plan, ensuring that all citizens can enjoy a high quality of life.

If approved, the bond issuance will result in a property tax increase of 9 cents per $100 of assessed value, phased in over the next six years. This increase is necessary to cover the debt repayment for the bonds, although additional property tax increases may be required to cover the operating costs of the new facilities.

Cary's council emphasized the importance of these investments for the community's future, highlighting the town's excellent financial health and its commitment to maintaining a high standard of living for its residents. The upcoming vote represents a critical opportunity for Cary citizens to shape the town's development and ensure that it remains a vibrant and inclusive community for generations to come. For more information, residents are encouraged to visit caribonds.org.