2006 School Bond Plan: $970 Million

Video:
 
Watch County Manager, David Cooke and Commissioner Tony Gurley Discuss the 2006 School Bond

In November 2006, voters approved a $970 million dollar bond for school construction.

Voters were asked to consider these facts:

Wake County MUST build schools for more than 7,500 new students per year, whether the bonds passed or not. 

Compared to other finance methods for a $970 million dollar building program, voter-approved General Obligation School Bonds will save taxpayers $56,000,000.

Bonds are a way to borrow money immediately to finance schools over a long period of time and at the lowest cost to taxpayers.

Bonds are a way for current and future residents to share the cost of schools over time.

Wake County’s superior AAA credit rating earns us the lowest interest rates on bonds. 

smiling students Bond funds will pay for renovations, new schools, technology upgrades and land. 

Bond funds are restricted to school construction, and a citizens' advisory committee is reviewing and analyzing ways to build schools in the most cost-effective and efficient manner.
learn more ]


Related information

 
View what was on the 
November 7 ballot for the bond


2006 School Bond: Challenges & Solutions

Citizens’ Facilities
Advisory Committee

Wake County Public Schools System Blueprint for Excellence

Wake County Board of Elections

Wake County Board of Commissioners

 Download Windows Media Player