- Stafford County voters will be asked to consider a $50 million transportation bond referendum.
- The meeting takes place at 6 p.m. in the Board Chambers of the George L. Gordon, Jr., Government Center, 1300 Courthouse Road, Stafford, VA 22554.
- Residents should also expect to see a mailer in the next few weeks providing additional information and resources to make an informed vote in the November 5, 2019 General Election.
- While the referendum sets maximum limits for borrowing money, the County is not required to borrow the full amount.
- If the proposed transportation bond is approved by voters, projects will be initiated, constructed and financed over several years.
- Stafford County is among only 47 counties in the nation that have the highest credit rating possible for a local government, and the County’s Triple-AAA bond rating lowers its borrowing costs.
- The County has four revenue streams dedicated to transportation, including gasoline sales tax, state recordation tax, interest earnings and transportation impact fees.
- By monitoring the annual spending needs and not issuing all the bond debt at one time, the County can draw from these funding sources to pay the debt service.
Recent Stories
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This unique Convention truly has something
Van Metre 5K Run
Participate in the 33rd Annual Van Metre 5K Run—a race that goes further than 3.1 miles, where every stride you take supports Children’s National Hospital. The Van Metre 5K Run donates 100% of proceeds to Children’s National Hospital and has
