Town of Morrisville, NC
Home MenuMorrisville 2021 Bond Referendum
Morrisville voters have passed the 2021 Bond Referendum!
Morrisville residents are proud of the unique qualities and diversity that makes our home one of the best places to live in the United States.
The Town continuously aims to meet and exceed the growing and emerging needs that our community members value most with impactful investments that exemplify and will uphold the character of our small – but progressive and growing – community for generations to come. Through deliberate planning and actions, we will effectively shape the Town’s future together.
Common themes routinely voiced by our citizens from various sources of input emphasize safety, future parks, additional open spaces, neighborhood connectivity through sidewalks and greenways, and roadways and traffic congestion. Town Council has worked to prioritize this input and capture it in the Town’s Capital Investment Plan (CIP).
In November 2021, voters approved financing up to $37 million to accomplish these types of improvements in a strategic and fiscally responsible manner through a bond referendum. These tax dollars will ensure the Morrisville community continues to live connected and live well.
Morrisville has an exemplary credit rating as a AAA community, giving us the ability to secure the lowest interest rates through voter-approved general obligation (G.O.) bonds. This form of debt financing is the best and least expensive of tax-supported debt resulting in significant savings to the taxpayer over the repayment period.
The Town anticipates an estimated 3 cents per $100 assessed property value to afford the three bond issues assuming voters approve.
View the Quick Links for Fast Facts to learn more about the bond referendum process and potential property tax impacts.
To learn more, click on the three bond categories below that appeared on the ballot during the election and get more information on the types of projects the bond will provide the community over the next five years: