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Charlotte Observer

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Charlotte voters approve $425M bond package. Other referendums fail in Union, Cabarrus

Charlotte voters approved three bond measures to help pay for housing, transportation and neighborhood improvement projects, according to unofficial returns late Tuesday. Elsewhere in the region, though, voters rejected bond packages for major projects in Cabarrus and Union counties. Charlotte 2026 bond packages As of 10:30 p.m., Charlotte’s $425 million bond package was approved by about two-thirds of votes, with 140 of 169 precincts reporting. Those bonds include the following: $280 million for transportation projects , including $100 million for large mobility projects, $50 million for sidewalks and $24 million for street resurfacing, among other things. $125 million for affordable housing projects . These bonds fund the city’s housing trust fund, which supports home repairs, down payment assistance and new affordable housing. $20 million for neighborhood improvement projects , including sidewalks, bike lanes and greenways. Charlotte Mayor Rob Harrington promised voters that the city will not raise property taxes to repay the borrowed money, which will generate $242 million in interest over the course of the program. 🟦🟥 Live voting results: ››› North Carolina (US Senate race) ››› Mecklenburg County ››› Cabarrus County ››› Gaston County ››› Iredell County ››› Lincoln County ››› Union County >>More coverage ◽️ Get Charlotte