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Wake County Real Estate: 2007 Bond Referenda October 9, 2007

By
Real Estate Broker/Owner with Realty Arts NC Broker License #235526

On October 9, 2007, Wake County, NC, voters will have the opportunity to vote to support Open Space Preservation, the Wake County Public Library system expansion and facility renovation, and capital improvements at Wake Tech Community College.  Amenities we take for granted will benefit from the funds made available through successful referenda.

WakeGOV.com - 2007 Bond Referenda

As cited in the brochure and on the Wake County website, the advantages of bond financing for facilities and infrastructure include:

1.  Bonds are the least expensive method of borrowing.

2.  Bonds will provide long-term financing money immediately at the lowest cost to taxpayers.

3.  Bonds amortization includes new residents and businesses so they share the costs of growth as they come to Wake County.  Growth will help pay for its impact.

Funds for Wake Tech will help expand the Health Services Campus, to increase training opportunities for nurses, and other health professionals.

Two notable facts:  Wake County loses about 1.5 acres per hour of open space to development or conversion to other uses.  Previous bond issue funds have helped purchase and preserve over 1600 acres of desirable Wake County land. 

The Cary, Wake Forest, and Fuquay Varina libraries are slated for replacement or expansion.  New branches are planned for Middle Creek, Morrisville, and North Hills in Raleigh.

The Cary Branch of the Wake County Library is slated for replacement or expansion in the bond brochure details.

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Independent Broker/Owner, Realty Arts

130 Towerview Court,

Cary, NC

Comments (2)

Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs

Mike

Thanks for bring this to our attention. I just wish more voters would get out there and express their interest.

Aug 31, 2007 12:55 AM
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Susan,

I wish more would be interested, too.  And that more would learn how bonds and taxes work, particularly with the Transfer Tax silliness currently infecting dialogue.

Thanks for reading and commenting!

Aug 31, 2007 05:16 AM