Why does the City of Cedar Park use bonds?

In Cedar Park we use bonds to maintain existing assets, manage growth and meet anticipated future demands. General Obligation Bonds require voter approval and are category-specific, meaning we can only finance what voters approve in the ballot language and can't mix and match categories, once approved.

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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?