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Initial Bond Program Projects (Click here to view the second bond referendum project list.) What is a bond? A bond is an "I Owe You." Charleston County Government will seek investors to loan the County money upfront to build/improve roads prior to actually collecting sales tax revenues so roads can be built at today's costs. The investors loan the money to the County, and the County builds roads. The County pays back the investors (with interest) from the revenue generated over time by the Transportation Half-Cent Sales Tax. What projects are funded by the bond? The November 2004 referendum allowed Charleston County to borrow $77 million for the following projects: (Click on the project name for detailed information)
E-mail your comments or questions about this site to lmcmillan@ccroadwise.com
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