Wake County Community College Bonds ReferendumBorrow up to $149.1 million for community college buildings
What your vote means
Wake County may borrow up to $149.1 million for community college buildings, and may raise property taxes to pay it back with interest.
Wake County may not borrow this money with these bonds.
Our one-line summary of the official wording.
In plain words
Our summary of the official materials and local reporting.
- A bond is a loan. Voters are asked whether Wake County may borrow up to $149.1 million, plus interest, for community college buildings. source: ncsbe.gov (State Board of Elections)
- The official wording says property taxes in Wake County may go up to pay the loan back. source: ncsbe.gov (State Board of Elections)
- Together with the school bond, this is expected to raise the county property tax rate by about half a cent, about $22.50 a year on a $450,000 home. source: aol.com
Cost: Up to $149.1 million borrowed, repaid with interest from property taxes in Wake County. Official estimate of the total cost with interest, using the highest interest rate of the last 20 years: $228,767,016. Official estimate of the property tax increase: $0.90 a year for each $100,000 of property value.
Why people want it, and why others object
Why this is on the ballot
- Wake County voters will decide a $149 million Wake Tech bond alongside the $680 million school bond; the county board chair backs both. source: wunc.org
- Wake Tech says the money pays for $41 million in job-training program growth (finishing the Fire and Rescue Training Center at Eastern Wake Campus, bigger welding, electrical and HVAC labs, automotive and dental hygiene space), $65 million to renovate buildings at Southern Wake Campus, and $43.1 million for repairs, technology and equipment collegewide. source: waketech.edu
Why supporters want it
- Wake Commissioners Chair Don Mial: "Both bonds will help Wake County move forward and continue to invest in our young people." source: wunc.org
Why opponents object
No public statement found.
Who backs each side
No public record found of a campaign committee or campaign money for either side.
In each side's own words where we could find them, quoted or summarized with a link to the source. We don't endorse either side.
What you will see on your ballot
Official ballot wording, word for word (tap to open)
Word for word from the State Board of Elections' official list of local referendums for Nov 3, 2026: ncsbe.gov (State Board of Elections) .
Additional property taxes may be levied on property located in the County of Wake, North Carolina in an amount sufficient to pay the principal and interest on community college bonds if approved by the following ballot question. Shall the order adopted on July 6, 2026, authorizing $149,100,000 COMMUNITY COLLEGE BONDS of the County of Wake, North Carolina, plus interest, for the purpose of providing funds to construct, renovate, expand, improve and equip community college facilities for Wake Technical Community College, and providing that additional taxes may be levied in an amount sufficient to pay the principal of and interest on said bonds be approved, in light of the following: (1) The estimated cumulative cost over the life of said bonds, using the highest interest rate charged for similar debt over the last 20 years, would be $228,767,016, consisting of the $149,100,000 principal amount of said bonds plus $79,667,016 of estimated interest. (2) The estimated amount of property tax liability increase for each one hundred thousand dollars ($100,000) of property tax value to service the cumulative cost over the life of said bonds would be $0.90 (90 cents) per year.
- Yes
- No
Latest news
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