Asheville Asks: What is a General Obligation (GO) Bond?
What’s a General Obligation (GO) Bond? At their May 28, 2024 meeting, the City Council directed staff to take the first steps toward a 2024 General Obligation (GO) Bond Referendum for voter consideration and to appear on the November ballot. WHAT IS A BOND? A general obligation bond is long-term borrowing in which a city pledges its [...]