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Robeson County school staff outline funding mix and county financing plan for CTE center
Summary
District staff said state lottery funds and grants supply the bulk of the project but requested $15 million in county financing; the county is pursuing a deed-and-lease arrangement to provide collateral while bond counsel finalizes terms.
Public Schools of Robeson County staff told the construction committee that state and grant revenues cover most of the Career and Technical Education Center budget, and that the district has asked the county to provide $15 million in financing to complete the project.
Erica, a district grants and finance staff member, presented a funding summary to the committee and said, “We received a needs based lottery, from the state, $62,000,000.” She also reported a $2.5 million match from Robeson County and a $2.5 million match from PSRC on hand, and a $5,000,000 grant from the General Assembly that the district holds locally.
Why it matters: Committee members were told the remaining financing gap has prompted the district to request county financing.…
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