The Stafford County Board of Supervisors is asking residents to borrow up to $50 million for multiple road improvements.
- The cash would be used as matching funds to help unlock monies from state and federal sources, for up to $180 million in projects.
- The cash would only be borrowed if state or federal matching funds become available.
Why it matters: If approved, the county would go into debt in order to pay for the road projects, limiting its ability to borrow money for other local government needs.
- If the bond is approved by voters and the full $50 million borrowed, the average homeowner property tax bill will increase by about $75 in order to repay the bond, according to Commissioner of the Revenue Scott Mayausky.
The big projects include a $26 million plan to reconstruct two lanes of Mountain View Road, between Kellogg Mill and Choptank roads.
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