Cary School District 26 bond issue election, 2009
It was defeated by a margin of 941 votes in support and 1,802 against.
Voters were asked to approve a $17-million bond issue. If approved:
- $10 million would be used for capital improvement projects such as replacing the roofs at Three Oaks and Deerpath schools as well as replacing older buses, outdated technology equipment, maintenance and sidewalk and parking improvements.
- The remaining $7 million would be used as an “internal” bank for short-term borrowing.
The referendum would cost the owner of a $300,000 home $47 to $85 more a year depending on financing options.
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