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 building program, voter-approved General Obligation School Bonds will save taxpayers $56 million.
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.
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 ] |