We sell general obligation bonds as a way to pay for building, renovating or expanding facilities, like libraries, fire stations and parks.

Voters must approve them through a referendum, and by law, the bonds, if approved, may only be used for purpose stated in the ballot question.

Because we hold a triple-A rating, our bonds sell at relatively low interest ratessaving taxpayers hundreds of millions of dollars.

2020 Bond Referendums

The Fairfax County Board of Supervisors authorized four bond referendums for the Nov. 3, general election ballot:

  • Libraries - $90 million.
  • Parks - $112 million.
  • Community and Health and Human Services - $79 million.
  • Transportation - $160 million

If approved by voters, the county plans to use bond money for the following projects:


Four libraries are planned for renovations and upgrades:

Kids listening to a book reading.


Of the $112 million proposed, the Fairfax County Park Authority will use $100 million to finance:

Soccer player at Fairfax County park.

  • Land acquisition to expand parks.
  • Natural and cultural resource stewardship.
  • New park development.

The remaining $12 million is intended to fund the county’s share for the Northern Virginia Regional Park Authority’s capital program that focuses on:

  • Expanding public open space and trails.
  • Protecting natural, cultural and historic resources.
  • Improving existing facilities.
  • Providing additional recreational opportunities.


Two facilities are planned for renovations or upgrades:


The $160 million bond will pay for Fairfax County’s share of Metro’s capital improvement program. This program focuses on rehabilitating and modernizing the Metrorail system, including purchasing new railcars and buses and building a new bus garage.

Bonds: Frequently Asked Questions

Get answers to frequently asked questions about bonds, including why the county uses bonds to pay for capital facilities, how the money may be used and the costs of borrowing. 

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