WAKE COUNTY -- Voters approve of the Wake County school bonds.
- $548,000 million is being proposed for public school system construction, renovation, and expansion
- Since voters said yes, the tax rate increase would be 2.3 cents per $100
- North Carolina Association of Educators says that new schools are needed to keep up with the growing population
If you live in Wake County, the $548,000 million bond is for public school system construction, renovation, and expansion.
Since voters said yes, the tax rate increase would be 2.3 cents per $100.
Some supporters stressed that general obligation bonds are the most cost-effective option. Kristen Beller, President of the Wake County chapter of the North Carolina Association of Educators says that new schools are needed to keep up with the growing population. She also said some of the money would be put toward security upgrades.
"The county is obligated to do this and to provide these renovations and school buildings for our children no matter what happens with the vote," Beller said. "The vote on the bond helps us do it at a lower rate and cost to the citizens."
Some of those who voted no say they don't agree with the tax rate increase. Ed Jones, President of the Wake County Taxpayers Association, says perfectly good school buildings are being torn down unnecessarily.
"Interest rates are going up and the cost of debt is going to continue to increase in the coming years, therefore the taxes must be increased even more than what they're suggesting the tax increases will be," Jones said.