The GO Bond improvement projects are funded through a General Obligation Bond (GO Bond). A GO Bond is one way cities fund major construction projects such as roads, parks, drainage, and/or buildings. They are backed by the full faith and credit of the City. The GO Bond will be a 25 year bond that would be repaid through an additional percentage on your property tax bill. General Obligation Bonds require voter approval. All the money will be spend right here in Hollywood.