How will PLAN 2004 be financed?
If approved by voters on Oct. 7, 2003, Wake County would sell up to $450 million in bonds – the maximum amount the County can sell without a tax increase – to finance the $550-million program. The balance would come from savings from construction programs, state school construction funds, interest earnings and other local funds.Although a tax increase is not needed to finance the capital plan, WCPSS must include the cost of operating and maintaining the new schools in its annual operating budget.
