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The regular meeting of the Union County Board of Commissioners scheduled for Monday, February 2, 2026, will not be held out of an abundance of caution for public safety due to inclement weather.  All items on the agenda will move to the next regularly scheduled meeting on Tuesday, February 17, 2026.
 
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File #: 24-290    Version: 1
Type: Business Status: Agenda Ready
File created: 4/17/2024 In control: Board of Commissioners
On agenda: 5/6/2024 Final action:
Title: 2024 Bond Referendum Request and Long-term Financial Planning
Attachments: 1. Presentation

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2024 Bond Referendum Request and Long-term Financial Planning 

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INFORMATION CONTACT: 

Beverly Liles, Finance, Finance Director, 704-283-3675

ACTION REQUESTED:

Receive direction from the Board of County Commissioners on projects that should be considered for placement on the November 2024 General Election Ballot and a possible 2/3rds General Obligation Bond.                     

PRIOR BOARD ACTIONS:

April 15, 2024, Regular Meeting, Agenda Item # 24-244 - BOCC denied the request for South Piedmont Community College’s 2024 bond referendum request.

BACKGROUND:

County departments, Union County Public Schools and South Piedmont Community College submit annually through the budget process their request for long-term capital needs.

 

This presentation will give an overview of major capital requests that would require a long-term financing revenue source.

 

This presentation will provide property tax debt models for the County as well as UCPS to illustrate the future debt service requirements associated with the individual capital project financing as well as the current outstanding debt. 

 

This presentation was previously presented to the BOCC on April 15th and additional information was requested from the BOCC to give direction on these requests.

FINANCIAL IMPACT: 

To be determined.