Bond Facts
What is a bond referendum?
A bond referendum gives voters the opportunity to decide whether the county may use general obligation bonds to finance these projects. A general obligation bond is backed by the full faith, credit and taxing power of the county and is considered public debt. General obligation bonds carry lower interest rates than other bonds or financing methods.
What is the total tax rate impact for the Wake Tech bond?
If voters approve this bond, the property tax impact would be $11.50 per $100,000 of assessed property value. For example, a home valued at $300,000 would see a $34.50 annual tax increase.
The projects below are part of Wake Tech’s 2017-23 Capital Improvement Program.
Summary of Projects
Automotive & Collision Repair Northern Wake Campus |
$35.5 million |
|
Advanced Industries Building and Parking Deck Southern Wake Campus |
$89.6 million |
|
Health Sciences Building and Parking Deck Northern Wake Campus |
$82.3 million |
|
Simulation & Tactical Response Center Public Safety Education Campus |
$45.7 million |
|
Repair & Replacement Projects College-wide |
$23.8 million |
|
Infrastructure Upgrades College-wide |
$15.6 million |
|
Parking Deck 1 RTP Campus |
$55.3 million |
|
Classroom Buildings 3 & 4 RTP Campus |
$1.3 million |
|