§ 8026 Bond Approval By Election

• •A special vote is held to decide if the city can borrow money by selling bonds.
• •At least two-thirds of the people who vote must say 'yes' for the city to borrow the money.
• •If enough people say 'yes', the city leaders can make a rule to borrow the money and do what they promised with it.

A city wants to build a new park but needs $1,000,000 to do it. They ask the people who live there if they can borrow the money by selling bonds.

The city holds a special vote. If 100 people vote, at least 67 of them must say 'yes' for the city to borrow the money. If 67 or more say 'yes', the city leaders can make a rule to borrow the money and build the park.