2022 Bond Referendum FAQs

 Q: What is a bond and how will this type of financing be used?

A:  Local and state governments borrow money by issuing bonds to finance major capital projects that are above and beyond the scope of the annual budget process. A general obligation bond is a long-term borrowing in which a County pledges its full faith and credit (taxing power) to repay the debt over a specified term. 

Q: Why should I vote for the bond?

A:  Bonds allow governments to finance the cost of building over a long period of time, much like the financing for a home mortgage. Johnston County is very secure financially and can afford to pay off the bonds currently without a tax increase. If the people do not pass the bond, then the county commissioners will have to use other means of funding the buildings which will be short term. 

Q: What will happen if the bond referendum does not pass?

A: Currently, 72% of schools are at or over capacity, and Johnston County Public Schools enrollment will continue to grow. Mobile units are currently at these school sites across the county to provide additional capacity for these schools. As the school system continues to grow, additional mobile units will need to be added to school sites.