2016 Parks Bond

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What are the projects, costs, and timeline?

The City of Wilmington thanks the citizens of Wilmington for overwhelmingly voting for the 2016 Parks Bond. Funding for these projects became available on July 1, 2017 and the city hopes to complete all 15 projects in 5-7 years.

Voters gave the city approval to borrow money to begin $38 million in parks projects. The City of Wilmington will sell $30.4 million in bonds to finance the projects, which total an estimated $38 million. The remaining $7.6 million would come from existing funds.

The bond will be repaid by increasing the City of Wilmington's property tax rate by 2.1¢ per $100 of valuation. This means that the average homeowner of a $200,000 home would pay $42 more per year, or $3.50 each month. The increase became effective as of July 1, 2017.

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FAQs

  • Why a bond?
  • How much will it cost?
  • How do I know the money will be used for these bond projects?
  • What is the impact to my taxes?
  • How do bonds work?
  • How do I register to vote?
  • How do I get more information?
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