Bonds

About

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

There are four bond referendums on Nov. 3, general election ballot, and voters may vote yes or no on each of these referendums:

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

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

LIBRARIES

Four libraries are planned for renovations and upgrades:

Kids listening to a book reading.

PARKS

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

Soccer player at Fairfax County park.

  • Park renovations and upgrades.
  • Natural and cultural resource stewardship.
  • Land acquisition and open space preservation.
  • 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.

HEALTH AND HUMAN SERVICES

Two facilities are planned for renovations or upgrades:

TRANSPORTATION

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.

Bond Explanations

Read explanations about how the county currently plans to use bond money if voters approve the bond referendums for libraries, parks, transportation and health and human services.

Overview Video

Ballot Questions

Read the ballot questions for the library, parks, transportation and health and human services referendums.

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. 

Fairfax Virtual Assistant