§ 125486 Bond Issuance For Tax Proceeds

• •The government can ask voters to approve a new sales tax.
• •If voters say yes, the money from this tax can be used to pay back bonds (like a loan for big projects).
• •This rule was added in 2017 and started in 2018.

Your city wants to build a new park but doesn’t have enough money.

The city can ask voters to approve a small extra tax on things you buy. If voters agree, the city can take out a loan (bond) to build the park and use the tax money to pay it back.