UPDATE: Weinberger Says Burlington Voters Support Fiscal Bond

UPDATE: Burlington Miro Weinberger says unofficial election results show 72 percent of voters support a $9 million fiscal stability bond.

Weinberger proposed the ballot item to essentially refinance the city’s debt.

The bond needs a two-thirds majority to pass.

The new mayor witnessed some opposition from the conservative super PAC Vermonters First, which said the proposed bond would double the city’s borrowing cost and increase its property tax rate.

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