How was PLAN 2004 be financed?
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Wake County will 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 comes 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.