Bonds

About

We sell general obligation bonds as a way to pay for building, renovating or expanding facilities, like libraries, fire stations and parks.

Voters must approve them through a referendum, and by law, the bonds, if approved, may only be used for purpose stated in the ballot question.

Because we hold a triple-A rating, our bonds sell at relatively low interest rates — saving taxpayers hundreds of millions of dollars.

Transportation, Public Safety Bonds on the Ballot

There will be two bond questions on the Nov. 5, 2024 general election ballot.

The Board of Supervisors approved this bond referendum at their June 25 meeting.

If approved by a majority of voters, Fairfax County plan to use the bond funds to:

  • Finance the county’s share, under the Washington Metropolitan Area Transit Authority Regional Compact, of the cost of constructing, reconstructing, improving and acquiring transportation improvements and facilities, including capital costs of land, transit facilities, rolling stock and equipment in the Washington metropolitan area. ($180 million)
     
  • Finance, including reimbursement to the county for temporary financing for, the costs of public safety facilities, including the construction, reconstruction, enlargement, renovation and equipment of civil and criminal justice facilities, police training and operational facilities and stations, fire and rescue training facilities and stations, including fire and rescue stations owned by volunteer organizations, and the acquisition of necessary land. ($126 million)

 

 

Bond Explanations

Read an explanation about how the county plans to use the bond money if approved by voters. It is available in multiple languages.


Bonds: Frequently Asked Questions

Get answers to frequently asked questions about bonds, including why the county uses bonds to pay for capital facilities, how the money may be used and the costs of borrowing. 


Previous Bonds

Voters approved the following bond on Nov. 7, 2023:

 

Voters approved the following bond on Nov. 2, 2021:

 

Voters approved the following bonds on Nov. 3, 2020: 

Voters approved the following bond on Nov. 5, 2019:

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