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County advances $320.5 million school bond referendum to fall ballot
Summary
The New Hanover County Board of Commissioners voted April 20 to advance a $320.5 million general-obligation bond referendum for K–12 capital projects, including a new Trask Middle School and major renovations at New Hanover High School; staff said the bonds would be issued in three tranches and require voter approval this fall.
The New Hanover County Board of Commissioners voted April 20 to advance a $320,500,000 general-obligation bond referendum for county schools, directing staff to publish required notices and file an application with the Local Government Commission.
County finance staff described the package as a multi-project program that would be split into three debt issuances, beginning with an estimated $150 million tranche. The package includes about $60 million to complete phase I of New Hanover High School, nearly $95 million to build a new Trask Middle School with capacity for about 1,000 students, roughly $54…
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