Business & Economy
5:10 pm
Tue October 4, 2011

Supporters Urge Bond Passage

Several dozen supporters staged a small rally this morning to support the passage of two separate city-wide bonds on the ballot for next week. If passed, the bonds would go to improving transportation and low-income housing. They would total about $56 million and cost the average homeowner about $17 a year. Outgoing mayor Charles Meeker is hoping the historically strong support for bonds in Raleigh continues.

Charles Meeker: "Yes, we’ve had very good success in recent years. We’ve never taken it for granted. Typically we see 65 or 70 percent support. We hope it will be similar this year."
The $40 million transportation bond would go to improve streets, sidewalks, and greenways. The $16-million housing bond would be used to expand affordable housing.