Why pay for these projects with bonds?

General obligation bonds are the least expensive way to finance these projects, thanks to the city's high credit rating. Because our credit rating is high and the bonds are guaranteed by the city's taxing authority, the city will pay less interest on the bonds than if it used some other form of financing.

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1. How were the projects selected?
2. Why pay for these projects with bonds?
3. What effect will this have on my taxes?
4. Why can’t we pay as we go?
5. Why do we have to vote on these bonds?
6. Why don’t the proposed bonds include any money for schools?
7. Why are we having another referendum so soon after our vote on library bonds in 2010?