Wake CountyThursday, November 5
Wake County voters approve a $680 million school bond and a $149.1 million Wake Tech bond
The 5AM Morrisville team
If you live in Wake County, two big bonds just passed. Voters approved $680 million for school repairs at 55 buildings and a $149.1 million Wake Tech bond to expand workforce training and upgrade campuses.
Wake Tech's largest share goes to Southern Wake Campus renovations
Source: Durham Herald Sun
View as table
| Value | |
|---|---|
| Southern Wake renovations | $65M |
| Technology upgrades | $22.7M |
| HVAC, elevators, electrical | $20.4M |
| Fire and Rescue Training Center | $20M |
| Welding, electrical, HVAC labs | $12M |
| Automotive center | $5M |
| Perry Health Sciences | $2M |
| Western Wake planning | $2M |
The Durham Herald Sun lists every Wake Tech project. The full cost of that loan could reach up to $228.8 million with interest, assuming the highest rate is charged. In Raleigh, housing and transportation bonds also passed, and they'll be paid from the city's Steady State fund.
- Schools: $680 million, about $20 more a year for the average homeowner
- Wake Tech: $0.90 more per $100,000 of property value each year
- Median Raleigh home ($391,000): about $3.52 more a year for Wake Tech
- Raleigh housing bond: $101.5 million, no property tax increase
Sources: ABC11 News, WUNC News, Durham Herald Sun