General Obligation Bond (Go Bond) FAQs

General obligation bonds (G.O. bonds) are bonds backed by the full faith and credit of the City. They are repaid with ad valorem property taxes paid to the City. They are the highest rated form of debt which results in the lowest interest cost debt a municipality can issue.

General Obligation bond questions are required by law to be voted on by eligible voters. General obligation bonds CANNOT be implemented by the City without voter approval. Voters must approve both the amount and the purpose of the bonds.

 All Anthony residents who are registered voters can vote.

County registered voters, who own property in the City, can also vote on the general obligation bond questions.

No. General obligation bonds can only be spent on what the question states.

No. General obligation bonds can only be used for capital infrastructure improvements.

The City of Anthony currently does not receive any portion of the property taxes paid by Anthony taxpayers. The entire amount is currently allocated to other governmental and educational entities which include the County, State, and School District.

General obligation bonds fund capital improvements that directly affect the basic needs and quality of life of every Anthony resident. The proceeds from the proposed general obligation bonds will be used to fund badly needed street improvements as well as parks, recreation and open space facilities.

For the median property value of around $86,100, the annual tax impact would be about $87 per household or approximately $1.67 per week.

If passed, the table below shows the annual, monthly, and weekly tax impact that can be expected for taxpayers who own properties with the City:

The City seeks funding for projects from federal and state funding programs where available. Levels of state and federal funding have diminished substantially in recent years, and these grant funding programs increasingly require large funding matches from municipalities. Often, federal and state funding are no longer awarded as grants, but as low interest loans.

YES! G.O. bonds are often used as participating funds to obtain additional funding from all the sources mentioned above, especially for very expensive public works projects.