About the 2024 Bond Referendum
Referendum Ballot Questions:
In November 2024, residents of Key West will vote on four related ballot questions concerning the $226 million General Obligation (G.O.) Bond Program. The program addresses areas such as Adaptation, Parks, Recreation and Cultural Facilities, Public Safety, and Transportation and Roadways projects.
Adaptations Related to Weather / Flooding Mitigation:
To finance the cost of acquiring and constructing capital improvements related to public infrastructure adaptations for weather resistance and storm and flooding mitigation, shall the City of Key West issue not exceeding $ 65,000,000 general obligation bonds, in one or more series, maturing in thirty years or less, bearing interest not exceeding the maximum legal rate, secured by and payable from the full faith, credit and unlimited ad valorem taxing power of the City?
Parks, Recreation, and Cultural Facilities Projects:
To finance the cost of acquiring, constructing, improving, and equipping parks, recreation, and cultural facilities, including without limitation renovation and improvement of City parks and amphitheater, shall the City of Key West issue not exceeding $ 50,000,000 general obligation bonds, in one or more series, maturing in thirty years or less, bearing interest not exceeding the maximum legal rate, secured by and payable from the full faith, credit and unlimited ad valorem taxing power of the City?
Public Safety Projects (Police and Fire)
To finance the acquisition, construction, improvement, and equipping of Police and Fire infrastructure, including a new fire station, shall the City of Key West issue not exceeding $ 60,000,000 general obligation bonds, in one or more series, maturing in thirty years or less, bearing interest not exceeding the maximum legal rate, secured by and payable from the full faith, credit and unlimited ad valorem taxing power of the City?
Transportation, Roadway, and Parking Improvements
To finance the cost of acquiring and constructing transportation, roadway, and parking improvements, shall the City of key West issue not exceeding $ 51,000,000 general obligation bonds, in one or more series, maturing in thirty years or less, bearing interest not exceeding the maximum legal rate, secured by and payable from the full faith, credit and unlimited ad valorem taxing power of the City?