2021 CabOT Bond Extension
Election was held on August 10, 2021
ELECTION RESULTS
Cabot voters approved maintaining the city’s current sales-tax rate and issue $72 million in bonds for Community and Economic Development projects. Residents were asked to consider 10 separate ballot initiatives that included refunding the current bonds, infrastructure, public safety, and efficiency improvements. View the voter turnout and results HERE
Mission of this Vote
The Cabot City Council voted on March 29, 2021, to hold a special election to be held on August 10, 2021.
Cabot voters are asked to consider a bond extension that will allow infrastructure, public safety, and efficiency improvements
without a tax increase, utilizing the extension of a City-wide one percent (1%) sales and use tax.
This is a proposed bond extension that was originally presented and approved in 2005, and extended in 2013 by voters.
Bonds are a great way for financially strong cities such as Cabot to get the money needed for important improvements by
using existing tax revenue instead of increasing taxes.
Estimated Amount - $22,000,000 Net Fund
Estimated Amount - $22,000,000 Net Construction Fund
Estimated Amount - $10,000,000 Net Construction Fund
Estimated Amount - $10,000,000 Net Construction Fund
Estimated Amount - $3,000,000 Net Construction Fund
Estimated Amount - $2,400,000 Net Construction Fund
Estimated Amount - $250,000 Net Construction Fund
Estimated Amount - $3,900,000 Net Construction Fund
Estimated Amount - $20,100,000 Net Construction Fund
Estimated Amount - $500,000 Net Construction Fund
*Ballot amount includes cost of Net fund, Debt Service Reserve and Cost of Issuance.