A state commission approved $2.5 billion in bonds for Charlotte-Mecklenburg Schools on Wednesday.
The bond package was created to build schools. It will be funded by a 3% property tax increase to be phased in during 2025, 2028, and 2029.
The commission said the bonds are the largest amount of tax-exempt financing it’s ever handled.
Plans for those bonds include three new schools and 18 replacement schools.
©2024 Cox Media Group
/cloudfront-us-east-1.images.arcpublishing.com/cmg/LH3JSJEF3VBLRJLJQESEAG34AM.png)
