RALEIGH — At its March meeting, the North Carolina Local Government Commission approved a request for $135 million in revenue bonds for the fast-growing town of Holly Springs in Wake County.
The town has nearly doubled in population since 2010, going from around 25,000 to 49,000 residents, and the bonds are needed to upgrade the town’s water treatment facility to take its daily capacity from 6 million to 8 million gallons.
An increase in water/sewer rate hikes ranging from 9% to 15% will impact citizens of Holly Springs over the next five years through 2031…