This article was published in the Lenoir News-Topic.
On Monday night, the Caldwell County Schools will ask the Caldwell County Board of Commissioners to borrow $14.5 million to build a new middle school for the Hibriten district.
School officials say the school system can make the annual debt payments without an increase in the system’s budget or a tax increase, largely because they’ve anticipated this need for so long.
There are two customary sources that K-12 schools use for construction and other capital projects, Superintendent Steve Stone said: a percentage of sales tax revenue they receive from the county and the state, and a percentage of lottery revenue that’s allocated to school districts based on the number of students they serve. Continue reading