The Fairfax County Board of Supervisors, at its June 23 meeting, authorized four bond referenda totaling $441 million for this fall’s general election.

The referenda are:

  • Libraries - $90 million.
  • Parks - $112 million.
  • Community and Health and Human Services - $79 million.
  • Transportation - $160 million.

The board’s action allows the county to petition the Fairfax Circuit Court to order the referenda. If ordered, they will be on the Nov. 3, 2020, general election ballot. Under state law, the county must petition the court to put the referenda on the ballot.

Voters will be asked to vote “yes” or “no” on each of the four bonds. If ultimately approved, the county plans to sell general obligation bonds to renovate, expand or improve facilities and pay for the county’s contributions to the Northern Virginia Regional Park Authority and Washington Metropolitan Area Transit Authority.

BOND-FUNDED PROJECTS

By law, the money from the bonds may only be used for the purpose stated in the ballot question. For example, the money from the parks bond may not be used to pay for public safety projects.

If approved by voters in November, the county plans to use bond funds for the following projects:

LIBRARIES

Four libraries are planned for renovations and upgrades:

PARKS

Of the $112 million proposed, the Fairfax County Park Authority will use $100 million to finance:

  • Park renovations and upgrades, including athletic fields, RECenters and golf courses.
  • Land acquisition to expand parks.
  • Natural and cultural resource stewardship.
  • New park development.

The remaining $12 million is intended to fund the county’s share for the Northern Virginia Regional Park Authority’s capital program that focuses on:

  • Expanding public open space and trails.
  • Protecting natural, cultural and historic resources.
  • Improving existing facilities.
  • Providing additional recreational opportunities.

HEALTH AND HUMAN SERVICES

Two facilities are planned for renovations or upgrades:

TRANSPORTATION

The $160 million bond will pay for Fairfax County’s share of Metro’s capital improvement program. This program focuses on rehabilitating and modernizing the Metrorail system, including purchasing new railcars and buses and building a new bus garage.

COUNTY'S TRIPLE-A RATING

Fairfax County has the highest credit rating possible for any government: triple-A from Moody’s Investors Service Inc.; from Standard & Poor’s Corporation; and from Fitch Ratings. For this reason, the county’s bonds sell at relatively low interest rates compared to other tax-free bonds. 

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.