Phoenix election results: Voters support $500M in bonds in early returns

By Christina Estes
Published: Tuesday, November 7, 2023 - 12:28pm
Updated: Thursday, November 9, 2023 - 8:11am

Ballot for city of Phoenix
Christina Estes/KJZZ
The Phoenix ballot for $500 million in bonds contains four questions.

Initial results from Tuesday’s election show support for Phoenix issuing half a billion dollars in bonds, with approval ranging from 60% to 70%.

Voters were asked four questions about the city’s plan to  finance major infrastructure projects

Unofficial results as of Nov. 8

Bond Yes No
Question 1 70.55% 29.45%
Question 2 64.10% 35.90%
Question 3 61.92% 38.08%
Question 4 65.66% 34.34%

General obligation bonds are a commonly-used, long-term borrowing tool for cities. A city issues bonds, which investors buy because they are tax-exempt and considered low-risk. A city pays back the bond, along with interest, over many years.

In Phoenix’s case, the debt is paid back using secondary property taxes. Barring major economic changes, Phoenix says the secondary rate will not increase to cover bonds. If voters do not approve, the council would have to find other funding or delay projects.

More 2023 Maricopa County election results at a glance

Phoenix’s $500 million request is broken down four ways:

  • $214 million for public safety, streets and pedestrian infrastructure.
  • More than $108 million for library, parks and historic preservation projects.
  • More than $114 million for education, economic development, arts and culture projects.
  • $63 million for low-income housing and senior center projects.

Bond program summary allocation

Arts and culture - $50,385,000 

Economic development and education - $38 million

Environment and sustainability - $26 million

Housing, human services and homelessness - $63 million

Neighborhoods and city services - $44,615,000 

Parks and recreation - $64 million

Public safety - $132.5 million

Streets and storm drainage - $81.5 million

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