What are bonds?

General Obligation Bonds are used by governments to finance public capital improvements such as roads, buildings, public safety projects, parks and public facilities.

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1. What are bonds?
2. Why does the City of Cedar Park use bonds?
3. How are bonds repaid?
4. Will the proposed bonds impact our tax rate?
5. Can bonds be used for any other purpose than what's described in each proposition?
6. If approved by voters, how soon could construction begin on bond-funded projects?