There’s been a lot of talk on social media lately claiming that Guilford County is planning to take money away from school bond funding to pay for new county buildings and a massive, consultant-recommended, countywide renovation and capital project.
If county staff and commissioners move forward with the project – or even major parts of it – the county will need to take on more debt. However, that debt would be on top of, rather than in place of, the more than $3 billion in school bond debt the county is already taking on to fund school projects.
Voters have approved $2 billion in school bond debt in recent years and, with interest, that puts the total payback at over $3 billion…