2020 Transportation GO Bond - Thank You Voters!

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To ensure transparency and accountability, the Transportation Bond Oversight Committee has developed this dashboard to provide easy access to the latest GO Bond project information. Financial information will be updated on a quarterly basis.

 Click here to view the GO Bond dashboard full screen 


GO BOND UPDATE VIDEO - April 2024


On November 3, 2020, Bend voters passed Transportation Bond Measure 9-135. Our community has said that congestion and neighborhood safety are community priorities, and helped the City design the list of projects that voters ultimately approved. This bond measure will pay to build priority projects in every part of the city to Improve traffic flow and east-west connections and Improve neighborhood safety.

The City has created the Transportation Bond Oversight Committee (TBOC) to monitor, track and report to the community on project expenses, schedule, progress and benchmarks.


2020 TRANSPORTATION GO BOND PROJECTS

The bond-funded projects were identified by Bend City Council after a two-year process with the Citywide Transportation Advisory Committee that considered projects that would assist people who drive, ride bikes and walk. Projects closely match the priorities cited in public opinion research. Priorities include: Reed Market Road, US 97/Parkway, 3rd Street, east-west connections and pedestrian and bicycle access to schools, parks and jobs.

The bonds will be repaid by an annual assessment on real property, estimated to cost property owners an average of 47 cents per $1,000 of assessed value each year of the repayment period. The owner of a home with a real market value of $415,000 and assessed value of $220,000 (Bend’s citywide average) is estimated to pay an average of $170 per year over the repayment period. Bonds will be structured so that property taxes would not be increased before 2022.

The City will issue bonds in multiple series over time to provide funds to construct the proposed bond projects. The annual cost to property owners may be lower in the initial years and higher in later years, when all of the debt has been issued. The City anticipates issuing the final bond series in 2030, which would be paid off in 2050.


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