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The school infrastructure bond referendum planned for the fall took its latest step on Tuesday night. The Orange County Board of Commissioners officially set the framework for how the money would be divided between Chapel Hill-Carrboro City Schools and Orange County Schools and how the major projects would receive funding. The $300 million would also be supplemented by an additional $100 million the county hopes to budget for both districts across the ten years from its usual budget, also called “pay-go” funding. Between both that focused spending and the covering the bond capacity, the county is projecting an 8.88-cent increase in county property taxes for the fiscal year 2025-26. The public will vote on the November ballot to formally approve whether the county government will take out the debt necessary for the bond spending, but the commissioners have discussed the measure as a key part of the county’s ten-year capital improvements plan as they consider their future budgets. Oran...
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