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Public Hearing - Union County Jail 2026 Bond Referendum
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INFORMATION CONTACT:
John Buchanan, Finance, Assistant Finance Director, 704-283-3523; Beverly Liles, Finance, Director, 704-283-3675
ACTION REQUESTED:
Conduct Public Hearing for Union County Jail 2026 Bond Referendum.
PRIOR BOARD ACTIONS:
1) June 16, 2026, Regular Meeting, Agenda Item #26-329 - The Board Introduced Bond Order Authorizing the Issuance $200,000,000 General Obligation Jail Bonds of the County of Union, North Carolina and Adopted Resolution of the County of Union, North Carolina Regarding Bond Order Authorizing the Issuance of General Obligation Jail Bonds, Setting Public Hearing Thereon and Directing Publication of Notice of Said Public Hearing.
2) May 18, 2026, Regular Meeting, Agenda Item #26-266 - The Board Adopted Resolution of the Board of Commissioners of the County of Union, North Carolina Directing the Publication of Notice of Intention to Apply to the Local Government Commission for approval of $200,000,000 General Obligation Jail Bonds and Adopted Resolution Making Certain Statements of Facts Concerning the Proposed Jail Bond Issue and Authorizing the Application to the Local Government Commission for $200,000,000 of General Obligation Jail Bonds.
3) April 20, 2026, Regular Meeting, Agenda Item #26-212 - The Board authorized staff to move forward with the necessary steps for a 2026 Bond Referendum to fund a new jail facility in the amount of $200,000,000.
BACKGROUND:
General Obligations Bonds (GO) are widely considered the lowest-interest, most cost-effective financing mechanism for long-term capital projects in North Carolina due to the pledge of the local government's full faith, credit, and taxing power. For North Carolina counties, which are legally required to provide secure, safe, and sanitary inmate housing, financing a jail through a GO bond ensures that the borrowing costs are minimized for the taxpayers, as these bonds typically secure better credit ra...
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