Bond Election

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. 

 

Bond Election Kickoff
Bond Election Kickoff

Aug. 16, 2020


 
Date Description
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 - 27, 2021

Bond Election Committee Meeting to Form Consensus on All Subcommittee Recommendations

Feb. 11, 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 13, 2021 Use City Council Meeting to Announce Call for Election
June 5, 2021 At City Council Meeting, Council Receives: Call of Election by Resolution by City Council
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

Bond Committee Structure

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