GO Bond

To improve pavement conditions, remove ADA barriers, and create safer, more complete streets.  

The GO Bond would fund the following transportation projects: 

• Street Repaving – Repave City streets with the lowest Pavement Condition Index (PCI) scores.  

• Curb Ramp Improvements – Repair or replace curb ramps to improve the safety of crosswalks and ensure they are ADA compliant. 

• Create Complete Streets – Improve bicycle and pedestrian safety through projects identified in transportation plans that improve connectivity. 

General Obligation (GO) bonds are a cost-effective financing method used to raise money for capital projects. GO Bonds are considered one of the safest funding tools available to cities because they are the least costly financing option. Because the City has an excellent credit rating, Hendersonville is in a good position to issue debt and benefit from low interest rates.  

A bond referendum is a public vote that authorizes a city to issue bonds to generate revenue for specific projects. With their vote, residents are also deciding whether they are willing to pay increased taxes, if necessary, for the improvements provided by the bond funds.  

The bond will be placed before City of Hendersonville voters on the ballot during the March 3, 2026, primary election. If you are a City of Hendersonville resident who is registered to vote, you can vote on the transportation bond. Register to vote with the Henderson County Board of Elections. 

If residents vote in favor of the GO Bond in March 2026, the City will have the authority to borrow up to $10 million. This will be supplemented by $900,000 of existing funding each year for five years. The $14.5 million will be dedicated to funding transportation projects. 

Projects are spread across three transportation categories: Repaving streets and improving pavement conditions, fixing curb ramps for better ADA accessibility, and creating safer and more connected streets.

The funds will be allocated in three buckets: 

• Repaving ~ $8.3 million
  Improves Pavement Condition Index (PCI) to ~79 in five years 
  Repaves ~2.5m Sq. Ft. 
  All Segments with PCI scores of fair and below will be repaved. This equates to approximately 24.84 miles, or about 37% of all City-owned streets. 

• ADA compliance ~ $2.45 million
  Replaces ~25% of Non-compliant Curb Ramps 
  
  
• Complete Streets ~ $3.75 million
  $750k per year will be dedicated to Safety & Network Improvements

Projects are selected by scores based on their pavement condition, travel frequency, appearance in a High Injury Network, proximity to schools/parks/transit routes, identification in the Walk Hendo Pedestrian Plan, bicycle plan, and Age-Friendly Action Plan, and other factors.  

The core values guiding the City’s Transportation Bond include 

1. Prioritizing Pavement Condition for Long-Term Value
2. Strategic and Transparent Use of Funds 
3. Timely Delivery with Measurable Impact 
4. Equal Access and ADA Compliance 
5. Balanced Investment Across the Network 
6. Advancing Complete Streets and Walk Hendo Goals

All projects will be substantially completed within five years; however, the City will have the authority to spend the funds for up to seven years. 

If the bond referendum does not pass, the projects are unlikely to move forward in the near future. 

Pavement conditions would likely deteriorate due to the lack of adequate funding for repaving and being in compliance with unfunded federal mandates like Public Right of Way Accessibility Guidelines (PROWAG). Curb ramp repairs and replacements would be completed at a slower rate, and the Complete Streets projects would be unlikely to be completed in the near future.