Charlotte to Issue 400 Million Municipal Bonds for Infrastructure Investments
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Charlotte is set to sell 400 million USD in municipal bonds to enhance infrastructure due to population growth, funded by a recent tax increase approved by voters.
Charlotte, North Carolina's largest city, is preparing to sell 400 million USD in municipal bonds following a recent surge in population that highlights the critical need for enhanced infrastructure.
The city received approval to proceed with the bond sale from a state Treasury body on Tuesday. The funds raised will be allocated towards transportation improvements and affordable housing projects, among various other initiatives.
Voter approval for these bonds was obtained during the elections last November, and they are supported by a 25-cent tax increase per 100 USD of assessed property value.
