Program

Bonds are issued pursuant to Title 7 of the Connecticut General Statutes, the Charter of the Town of Manchester, bond resolutions adopted by the Board of Directors, and referenda approved by the voters of the Town. Proceeds of the Bonds are used to finance various capital improvements of the Town. 

Since 2016, voters have approved over $280 million in bonds to renovate-as-new six elementary schools, three of which are certified net-zero-energy facilities; to pay for road, sidewalk and infrastructure improvements; to construct a 21st century library in the Town’s historic downtown; to renovate historic properties; and for land acquisition. GO bonds are backed by the full faith and credit of the Town. The program stimulates economic growth, creates jobs, and helps to attract private investment. Improved public facilities enhance residents’ quality of life and contributes to community well-being.