How much money will tax payers spend on the North Miami GO Bond?

The proposed bond principal amount shall not exceed $120,000,000. The total estimated interest amount over the 30 year span will be approximately $132,217,000.

Affordable Housing

A proposed $10 million is allotted for acquisition and construction of affordable single-family and multi-family housing.

Infrastructure & Sustainability

For infrastructure and sustainability, $31 million is proposed for improvements to:

  • Drainage
  • Green space
  • Landscaping
  • Lighting
  • Resiliency projects
  • Sidewalks
  • Street resurfacing
  • Transit


A total of $2 million is proposed for technological enhancements geared toward:

  • Broadcasting
  • Community policing and safety
  • Emergency operations
  • Police equipment
  • Security cameras
  • Servers
  • Wi-Fi

Public Facilities

City Administration proposes $77 million focused on public and recreational facilities, including:

  • Community centers
  • Governmental complex
  • New sports complex
  • Parking garage construction
  • Other park improvements

Show All Answers

1. What is a General Obligation (GO) Bond?
2. How can I calculate my individual financial obligation if the bond is adopted?
3. What is the purpose of the City of North Miami’s proposed General Obligation Bond?
4. How much money will tax payers spend on the North Miami GO Bond?
5. If the bond is passed, what actions are required before the bond can be implemented?
6. What are the projects and the budget for each project?
7. How were bond-related projects selected?
8. Can bond funds be spent on salaries for staff and elected officials, day-to-day business operations, parties or events? What are authorized uses of bond funds?
9. How many years must North Miami tax payers contribute to the bond?
10. Will the bond proceeds be issued in installments or in one lump sum amount?
11. Will there be a bond oversight committee? If so, what is the purpose and how will you maintain transparency throughout the implementation process?
12. If North Miami residents vote to adopt the proposed GO Bond, when will bond-related projects begin?
13. The City of North Miami is slated to receive millions in ad valorem taxes from the Sole Mia project?
14. I am a North Miami business owner. I am not a North Miami homeowner. How will the bond impact me?