Why doesn’t Wake Tech use its existing budget to pay for these capital improvement projects?
The building and maintenance of facilities is primarily a local responsibility for North Carolina’s 58 community colleges. Such projects are not typically included in county budgets. Wake County’s fiscal year 2008 budget appropriates $17.5 million for Wake Tech to cover standard operating costs, but does not include additional funding to cover construction and other capital improvement projects. The Board of Commissioners has approved Wake Tech’s $115-million capital plan, and decided to ask voters to authorize bonds for $92 million of that. The remainder will be paid in cash from the County’s general fund.
