Tim Moore (R-Cleveland) , Speaker of the North Carolina House of Representatives, has proposed a $1.9 billion public school construction bond.
The bond should be approved by the state General Assembly in the 2019 legislative session and be considered by voters in a 2020 ballot referendum, Moore said in a statement. He plans to travel North Carolina in support of new school capital investments.
Moore proposed $1.3 billion be provided to K-12 school construction needs, $300 million in capital funding to UNC system institutions, and another $300 million for facility needs in North Carolina’s community colleges.
“Education is what matters most to families and businesses – to the private and public sectors alike – and North Carolina is poised to build on historic commitments to our schools with another long-term investment in capital construction for our rapidly growing student population,” Moore said.
“Our state’s explosive growth over the past decade brings opportunities and challenges for our school systems. The state General Assembly must continue to meet those needs with investments in our future.”
In 2016, North Carolina voters approved the $2 billion ConnectNC bond to build 21 new science, technology, engineering, and math facilities on UNC campuses. The ConnectNC cash flow will accelerate to more than $40 million per month in capital funds for the new buildings in 2019.