DALLAS - Voters approved 84% of the $44 billion of bond proposals on ballots across the nation on Nov. 4, according to results
The $37 billion of bonds included 13 of the 15 largest initiatives, but fell short of the record $69.6 billion approved in 2006.
The two largest proposals were California's $7.55 billion of water bonds and New York's $2 billion to upgrade school technology. Both passed.
The $44 billion of debt sought to finance schools, water systems, roads and hospitals was the most in a general election since 2008, and is almost three times the $16.7 billion on the ballot in 2010.
"As the economy bounces back (knock on wood), so does America's willingness to invest into local communities, and the municipal bond market is seeing big gains as a result," the Ipreo report said. "The $37 billion in approved funds is a welcome sight in a muni market that has been steadily shrinking since 2010."
