Monday numbers: A closer look at Gov. Cooper’s bond proposal

Monday numbers: A closer look at Gov. Cooper’s bond proposal

- in Education, Top Story

When Governor Roy Cooper rolled out his 2019-21 budget last week, he proposed placing a nearly $4 billion bond initiative before North Carolina voters that would invest in better schools and other critical infrastructure. According to the governor’s office, North Carolina schools have waited 23 years since the state’s last construction bond and half of the state’s existing K-12 school building are more than 50 years old.

This week’s Monday numbers column examines how Cooper’s Invest NC bond proposal would be allocated if it becomes law:

$25.2 billion – total annual allocation in Gov. Roy Cooper’s proposed 2019-21 budget

$3.9 billion – the amount Cooper’s proposed Invest NC bond would invest to address key school infrastructure needs across the state

$2 billion – the amount earmarked in the proposal to build and renovate K-12 public schools

$8 billion – a conservative estimate of the current school construction and renovation needs across North Carolina

$47.7 million – the amount the Invest NC bond proposal would earmark to build and renovate Cumberland County Schools

$41.5 million – the amount earmarked for Robeson County schools

$23.8 million – the amount earmarked for Nash-Rocky Mount schools

$18.7 million – the amount earmarked for Craven County schools

Find your individual school district here

$500 million – the amount earmarked in the proposed Invest NC bond to improve facilities at campuses within the University of North Carolina system

$38.5 million – the amount earmarked to renovate East Carolina Uuniversity’s Howell Science Complex

$75.6 million – the amount earmarked for UNC-Greensboro’s Jackson Library Renovation and Addition project

$28.8 million – the amount earmarked for library replacement at Elizabeth City State University

$8.1 million – the amount earmarked for renovations at NC Central’s Lee Biology Building

Click here to learn how other campuses in the UNC System would benefit from Cooper’s bond proposal

$500 million – the amount earmarked in the proposed Invest NC bond for the North Carolina Community College system including $300 million for new capital and renovation projects

Click here to see how individual community college campuses would benefit under the governor’s bond proposal

$800 million – the amount earmarked in the proposed Invest NC bond to improve aging water and sewer infrastructure across the state

$17 billion – the amount of money necessary to make the state’s water and sewer infrastructure more resilient to natural disasters

$1.9 billion – the amount of the school bond initiative House Speaker Tim Moore has proposed – click here to read House Bill 241: Education Bond Act of 2019

$0 – the amount of bonds supported by Republican leaders in the Senate, who instead support a pay-as-you-go proposal using money from the State Capital Infrastructure Fund – click here to read Senate Bill 5: Building North Carolina’s Future