Usually, when people ask your opinion, you give them your “two-cents worth” of input, but the Guilford County Board of Commissioners is asking county residents in early December to give them $1.7 billion worth – or, at least, that’s the maximum amount under consideration for a new school bond referendum that could go on the ballot next year.
At a commissioners meeting on Thursday, Nov. 18, the board discussed putting $1.7 billion on the ballot for voters to decide – though the actual amount of the school bond referendum is still up in the air.
Now the board wants to hear from the people. On Friday, Nov. 19, the county announced a public hearing on Thursday, Dec. 2 for that purpose.
The public hearing is part of the long process that all bond referendums in North Carolina must go through before being placed on the ballot. Anyone who wants to be heard on the proposed bond referendum – “and the advisability of issuing the bonds” –can speak at the public hearing at 301 W. Market St. in Greensboro on the second floor, at a meeting that starts at 5:30 p.m. on Thursday, December 2.
The request to put the referendum on the ballot goes to the Local Government Commission of North Carolina. (LGC) – a state financial oversight agency that makes sure the county is in a good enough financial situation to borrow the money if the voters approve the referendum.
The resolution that passed unanimously by the board on Nov. 18 reads, “Now, Therefore, Be It Ordered by the Board as follows … The Board determines that it is necessary to provide school facilities, including the acquisition and construction of new school facilities, the improvement and expansion of existing school facilities and the acquisition and installation of furnishings and equipment and the acquisition of interests in real property required therefor, and to pay capital costs of such improvements.”
The piper must be paid and the resolution also states, “Taxes sufficient to pay the principal of and interest on those bonds when due shall be annually levied and collected.”