BURLINGTON, Vt. (WCAX) – Burlington’s mayor and administration are proposing a new $20 million bond to be put on the ballot for Town Meeting Day 2025.
In documents released Thursday, they are hoping this general obligation bond can help the city deal with infrastructure needs like paving streets fixing sidewalks, and bridges that need urgent replacement.
The city calculates for a $500,000 home, it would be around $140 more per year in taxes. They say with other bonds being paid off faster than expected, the city has freed up this extra $20 million of bonding capacity.
Council will see a first look at this bond on Monday, December 9th.