Wake County, N.C. Leaders Back $911M School Construction Program

Friday, April 19, 2013

Top elected officials in Wake County, N.C. have agreed to support a school construction program of around $911 million that could cost the average homeowner roughly $135 more per year in property taxes.

Members of the Wake County school board and the Wake County Board of Commissioners agreed in an unofficial voice vote that around $911 million in school construction is a reasonable amount. They’ll now work out the details, such as what projects would be funded and the exact amount, but it represented a moment of consensus for the often-divided board.

This could lead to a school bond issue of around $789 million being placed on the Oct. 8 ballot for voter approval. The rest of the construction program would be paid for in cash in hand.

Read more »