$55M Wilmington transportation bond heads to November ballot

WILMINGTON, NC (WWAY) — It’s now up to Wilmington voters to either pass or reject a transportation bond.

At Tuesday night’s meeting, the Wilmington City Council unanimously agreed to move forward with the $55 million bond and put it on the November ballot. While $44 million would be borrowed, the city would leverage existing funds to complete an entire package of projects worth $55 million.

According to a news release from city spokeswoman Malissa Talbert, $35 million would go to roads, and $20 million would be for bicycle and pedestrian projects.

If voters pass it, there would be a two-cent tax increase for the average property owner on a $200,000 home. Talbert said that equals about $40 a year.