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Board and county officials debate long-range capital plan, bond timing and debt capacity
Summary
Committee members discussed a multi-year capital plan (CIP), a district priority list estimated as roughly $550 million, and bond timing; county staff said current debt capacity is about $100 million and could rise to roughly $130 million next year, prompting discussion of staging projects and public messaging.
The New Hanover County Schools facilities committee spent substantial time on May 20 discussing a long-term capital improvement plan, a possible school bond referendum and how to present multi-year needs to the public.
“If we had a capital improvement plan, a CIP, that, you know, 1 year, 3 year, 5 year…we could all sit down,” a committee member said, urging a forward-looking plan that shows when projects would start and finish. Staff responded that the district maintains a two-year look-ahead and a running “laundry list” of projects that is used…
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