ASHEVILLE, NC (WLOS) — Asheville voters approved an $80 million bond package that would raise local taxes.

According to unofficial resultsthe four $20 million bond referendums passed with at least 70 percent of the vote.

The bonds are intended to address issues related to affordable housing, transportation, parks and recreation, and public safety.

ASHEVILLE GENERAL OBLIGATIONS: HOW MUCH MONEY CAN I TAKE OUT OF VOTERS’ POCKETS?

A general obligation bond is a long-term loan in which a city pledges its full faith and credit (taxing power) to repay the debt over a specified term. The purpose of a bond issue is to borrow money to finance major capital projects.