So, what are bonds?

what are the bond propositions?

On August 12, 2025, the Beaumont City Council voted to place five bond propositions (Labeled A - E) on the ballot, seeking voter approval for approximately $264 million in projects designed to improve infrastructure, enhance public safety, expand parks and recreational amenities, and support economic development citywide.

If these propositions pass, bonds would be sold to investors and paid off using city property taxes ─ both on homes and businesses. Debt isn’t issued all at once ─ the cost is spread out over many years and paid for by current and future citizens who use these parks, roads, or city buildings.

If these propositions do not pass, the city cannot issue any type of debt for these projects for three years.

what are general obligation bonds?

Cities fund major projects in several ways. One way is through voter-approved General Obligation (GO) bonds. Much like getting a home loan, GO bonds give cities a tool to raise money for capital improvement projects not otherwise funded by city revenue ─ projects like roads, parks, and public facilities.