Bond Elections are held in order for a community to sell ad valorum debt or debt that is based on property assessed value, commonly referred to as General Obligation Bonds. It is required by State law for a City to obtain voter approval through “bond authorization”.
This process ensures transparency with the public and allows taxpayers to decide what community enhancements or infrastructure they are willing to pay for through property taxes. When a City draws down its bond authorization by selling bonds, it can pay the debt over the life of the capital asset, minimizing the impact on taxpayers today.
Would you like to share your thoughts and ideas?
Comments will be reviewed and considered as part of the process to provide a recommendation to the City Council.
|Aug. 20, 2020||Bond Election Committee Kickoff|
|Sept. 1, 2020||Bond Election Committee Chairs Meeting|
Sept. 8 - Dec. 15, 2020
|Bond Election Subcommittee Meetings Begin|
|Dec. 15, 2020||Subcommittee Recommendations Due to CBEC|
Jan. 20 - Feb. 5, 2021
Bond Election Committee Meeting to Form Consensus on All Subcommittee Recommendations
Feb. 25, 2021
|Bond Election Committee Recommendations Report Finalized. Briefing to Council by Chairman of Bond Election Committee's Recommendations at Work Session|
Feb. 25 - April 30, 2021
|City Council Discussion of Recommendations and the Call for Election|
|May 27, 2021||City Council Announces Call for Election, Adopts Election Call Resolution, and Approves Ballot Language|
|June 18, 2021||Ballot Language Given to Maricopa County|
|Aug. 4, 2021||Arguments Pro/Con Filed with City Clerk|
|Sept. 20, 2021||Sample Ballot/Informational Pamphlet Mailed to Voters Before Election|
|Nov. 2, 2021||Election Day|
Forming a Bond Committee
Chandler is in great shape and continues its tradition of fiscal strength, and maintaining AAA bond ratings. However, when a community has a capital plan to maintain and enhance public infrastructure, it is important that we can continue moving forward and improving our community.
Although we have come a long way from our days of farm fields, our community is aging and there are many needs as it has changed over time. It has been 13 years since our last bond election. In order to keep Chandler moving forward as the Community of Innovation, it is time for a Citizen Bond Committee to review those capital and infrastructure needs to build upon our solid foundation. This will allow the City to keep its strong financial position, strong reserves, dedication to a lean organization, its emphasis on great infrastructure, excellent public safety and strong quality of life that makes us more competitive.
2020 Citizen Bond Exploratory Committee
The 2020 Citizen Bond Exploratory Committee has been formed to provide a recommendation to City Council of bond authorization needed to support important public capital/infrastructure based on highest priorities. Subcommittees include:
Projects Built from a Prior Bond Election
- Two Fire Stations Added, One Expanded and One Rebuilt
- Fire Administration Building
- Fire Training Center Expansion
- Police Records Management System
- Public Safety Training Facility
Parks and Cultural Development
- Tumbleweed Park Development
- Tumbleweed Recreation Center
- Paseo Trail System
- Paseo Vista Recreational Area
- Various Neighborhood and Community Parks
- Chandler Museum
- South Arizona Ave. Corridor Improvements
- Southeast Arterial Streets Widened
- Various Intersection Improvements
- Street Repaving and Maintenance
Water and Wastewater
- Water/Wastewater Facility Improvements
- Main Replacements
- Well Construction/Rehabilitation
- Sewer Collection System Upgrades and Replacements