Voters went for the very big and the very small in municipal bond elections yesterday - and when the smoke cleared, they approved $5.35 billion, or 74%, of the $7.23 billion of bond proposals on the ballot.
Roughly three-quarters of the issues over $100 million or under $5 million were approved, while 42% of the issues in between were defeated. Two states, North Carolina and Texas, accounted for the bulk of yesterday's bond. proposals and approvals. In Texas, voters cast ballots on $2.48 billion of proposals and approved $2.29 billion, or 92%, led by $1 billion of state bonds for correctional and mental health facilities and $750 million for the Veteran Land and Housing Fund. In North Carolina, ballots were cast for $1.3 billion of bonds, and $1.21 billion, or 93%, was approved, topped by a $740 million state proposal for colleges and universities, clean water, and parks.