Local News

Wake Commissioners Consider Borrowing Money To Help School Costs

Posted September 19, 2005 7:43 a.m. EDT

— Wake County commissioners may borrow more money for schools.

Commissioners held a public hearing Monday to discuss borrowing $41 million to help pay for building projects that are over-budget due to rising construction costs.

The loan would also help cover mobile units and modular schools needed as a result of higher student enrollment.

Because the county paid off millions of dollars in bonds last year, state law does not require voters' approval this time.