The Voters of Lexington rejected a $4,000,000 bond issue in Tuesday’s election even though a majority of votes were in the yes column.
Per city ordinance, a bond issue that would put a tax on citizens requires a 4/7 majority; or 57.14%. Only 51.66% percent of voters were in favor, so back to the drawing board, says Lexington Mayor Jerry Brown.
The defeated bond issue would have provided 10% of the needed revenue to develop the infrastructure that would support the hospital and other developments in the area east of downtown.
Click below for the full interview with Mayor Jerry Brown.