By Emily Walkenhorst
Wake schools expect bond referendum, needing $2.5 billion for facilities by 2028
RALEIGH, NC – Wake County voters will likely see another bond referendum on the ballot this fall – and the Wake County School Board is hoping to be part of it.
The Wake County Public School System plans to ask for a school bond referendum this fall, but to do so, they need approval from the Wake County Board of Commissioners, who will meet with the school board later this month to discuss budget needs – including whether to put more school construction bonds on the ballot this fall.
Wake County voters have seen a lot of school bonds in the past few years. In 2013, they approved $810 million dollars for school construction. Then, in 2018, they okayed another $548 million. That adds up to $1.36 billion dollars in less than a decade.
The school board says lists $2.5 billion in capital costs through 2028, and only this year and next year are so far funded. It’s not clear how much isn’t funded. Wake County Schools Chief business officer David Neter explained the board could ask county commissioners to include school construction in their bond referendum planned for November. [READ MORE]