City of Kannapolis Parks and Recreation Bonds ReferendumBorrow up to $40 million for parks and recreation facilities
What your vote means
The City of Kannapolis may borrow up to $40 million for parks and recreation facilities, and may raise property taxes to pay it back with interest.
The City of Kannapolis may not borrow this money with these bonds.
Our one-line summary of the official wording.
In plain words
Our summary of the official materials and local reporting.
- A bond is a loan. Voters are asked whether the City of Kannapolis may borrow up to $40 million, plus interest, for parks and recreation facilities. source: ncsbe.gov (State Board of Elections)
- The official wording says property taxes in the City of Kannapolis may go up to pay the loan back. source: ncsbe.gov (State Board of Elections)
Cost: Up to $40 million borrowed, repaid with interest from property taxes in the City of Kannapolis. Official estimate of the total cost with interest, using the highest interest rate of the last 20 years: $62,444,800. Official estimate of the property tax increase: $46.00 a year for each $100,000 of property value.
Why people want it, and why others object
Why supporters want it
No public statement found.
Why opponents object
No public statement found.
Who backs each side
No public record found of a campaign committee or campaign money for either side.
In each side's own words where we could find them, quoted or summarized with a link to the source. We don't endorse either side.
What you will see on your ballot
Official ballot wording, word for word (tap to open)
Word for word from the State Board of Elections' official list of local referendums for Nov 3, 2026: ncsbe.gov (State Board of Elections) .
Additional property taxes may be levied on property located in the City of Kannapolis in an amount sufficient to pay the principal of and interest on bonds if approved by the following ballot question. SHALL the order authorizing $40,000,000 of bonds plus interest to provide funds to pay the capital costs of acquiring, constructing, renovating and improving parks and recreation facilities, including, without limitation, athletic fields, parks, playgrounds, greenways, and open space for active and passive use, including the acquisition of any necessary furnishing and equipment, land, rights-of-way and easements, and providing that additional taxes may be levied in an amount sufficient to pay the principal of and interest on the bonds be approved, in light of the following: (1) The estimated cumulative cost over the life of the bonds, using the highest interest rate charged for similar debt over the last 20 years, would be $62,444,800 (consisting of $40,000,000 principal amount of the bonds plus $22,444,800 of interest). (2) The estimated amount of property tax liability increase for each one hundred thousand dollars ($100,000) of property tax value to service the cumulative cost over the life of the bond provided above would be $46.00 per year.
- Yes
- No
Latest news
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