TITLE

North Carolina County Wants $300 Million for Schools

AUTHOR(S)
DeSue, Tedra
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/1/2003, Vol. 344 Issue 31605, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Guilford County, North Carolina officials are gearing up to ask voters to approve $300 million of general obligation bonds for schools in November 2003 after a $200 million debt authorization has almost been exhausted in less than two years. Officials are settling on the $300 million figure because there is concern that asking voters to approve $600 million of debt in one fell swoop during slow economic times would not stand a chance. The board of commissioners has to sign off on the measure because counties issue debt for schools in North Carolina The county has about $285 million of debt outstanding, but there are no concerns that the increased debt will effect the county's bond rating because of its conservative borrowing practices.
ACCESSION #
9504486

 

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