How will the Blueprint be financed?
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A: The sale of bonds would provide funds to build and renovate schools. With voter approval on November 7, 2006, Wake County would sell up to $970 million in bonds to finance the $1.056 billion Blueprint for Excellence. Bonds are like a home mortgage; they allow capital investments to be made as they are needed with repayment at a low interest rate over a period of years. This keeps financing low. The county would also provide $86 million in "pay-as-you-go" funding to complete the total plan.