The commission proposed that development funding for the park, which could be open to the public early next year, be obtained through [size=150]a local bond issue.[/size]
Which is the verb of the first bold part?
What is the meaning of the second bold part?
“be obtained” is a passive form of “obtain”. It is like “is obtained”, but “is” changes to the subjunctive “be” to fit with “proposed that”.
A “bond” is a way of borrowing money: a company, government, local authority etc. sells bonds to investors, and pays the investors an agreed amount of interest. en.wikipedia.org/wiki/Bond_(finance
“local” means that the bond issue is local in scope, rather than national or global.