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Congress Could Provide Money for School Construction

Posted April 10, 2007

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— Second-District Congressman Bob Etheridge announced plans Tuesday to introduce legislation that could provide North Carolina with millions of dollars for school construction.

The House bill calls for the federal government to offer $25 billion in no-interest bonds to school districts for construction needs, Etheridge said. North Carolina would get about $500 million under the proposal.

"I have long believed if you invest in education, you will get a return on that investment," the Democratic congressman said.

Etheridge, a member of the House Budget Committee, said his plan to fund the program would be pay-as-you-go. He said Congress could fund it without raising taxes, but he didn't provide specifics.

The announcement was made at Aversboro Elementary School in Garner, which is expanding to accommodate a crush of students. More than 600 students attend the Garner elementary school, which was designed to hold 400.

The school's expansion, scheduled to open in 2008 at a cost of $15 million to $20 million, is being financed by bonds from the record $970 million school bond referendum approved by Wake County voters in November.

"With the new building and the modular sites added to it, we have the ability to have 800 students. So, that will help with the growth as it happens in the Garner area," Principal Paul Domenico said.

Etheridge's bill is the latest effort to earmark money for school construction.

Gov. Mike Easley has suggested increasing prizes in the state lottery to draw in more players and raise more revenue. State lawmakers are considering proposals that would allow counties to raise the local sales tax and impose taxes on real estate sales to generate money for school construction.


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  • bw23 Apr 11, 2007

    livewire - Because right now 60,000 civilian deaths says that it's the most important thing that this country is facing.

    The statistical chances of you, your family or the total of every face that you've passed by in your entire life...ever being involved in a terrorist attack while on US soil is almost zero. So your chances of being harmed by a terrorist are less than your chances of being attacked by a shark falling out of the sky. However, your childs chance of not getting into college or getting a good job is GREATLY reduced by throwing away 300 billion taxpayer dollars to a lost cause.

    Anymore questions?

  • El Doggo Apr 11, 2007

    hondaman. Who do you think pays the interest on the "loans?" If the fed has this program in place it means we are ALREADY PAYING TAXES to cover it! So, what is your point?

  • superman Apr 10, 2007

    The bonds will be loans-- not gifts. The money will have to be repaid-- Mr Bob just wanted to be in the news. Even if the federal govt gave away the money to the state-- where you folks think it is coming from? HIgher federal taxes!

  • ladyblue Apr 10, 2007

    bw 23 Why is it some people as you always have to bring the Iraq war or bush bashing into the views. If that 300 billion dollars had built all of those schools and we hadn't done anything after being attacked (911), I doubt we'd have ANY schools left when they got through bombing us. Over crowding of our schools has to do with the constant increase of population growth.

  • regularguy_nc-at-yahoo.com Apr 10, 2007

    the president and his buddies take priority over any of the people in this country. the corrupt, criminals that got "voted" in to power got to get their cut first so let them continue to murder and torture and steal from the poor man and eventually thyey might get around to to doing a little something for us.

  • Steve Crisp Apr 10, 2007

    Would someone please show me in the United States Constitution where Congress is authorized to spend money on a state's educational system whether it be for operating or capital expenses?

  • superman Apr 10, 2007

    Bonds are bonds. When will people realize there is no free money or free rides. The federal govt does not have free money-- every dime that is spent is paid for by taxpayers. The only difference I see is that the federal taxbase will be paying the interest on the federal bonds. I think they said interest free bonds- not free money.

  • bw23 Apr 10, 2007

    300 Billion dollars blown on the Iraq war would have made a lot of nice additions to our nations school system...p-r-i-o-r-i-t-i-e-s.

  • freddie cadetti 72 Apr 10, 2007

    Followup to last comment. There will be competition between the privatized schools to lure the "customers" and the bad schools will fall off. Now what you have is the bad schools hanging around, because the gov't doesn't get serious.

  • freddie cadetti 72 Apr 10, 2007

    Want more money for schools that do not come from taxpayers?

    Privatize the school system. Give vouchers for every child (which would cost far less than what taxpayers are spending per child now) and let the private sector take over. You will in turn have the latest in school equipment, recources, new schools large enough to hold all students, and far more accountability of the teachers to be the best.