newsobserver.com projects - N.C.'s take of school plan: $551m - Comments

Re: N.C.'s take of school plan: $551m

FFC1304 — Mon, 16 Feb 2009 15:18:20 -0500

Get your children out of the Public Fool System/Government Screwls as fast as you can!

Re: N.C.'s take of school plan: $551m

alaskan1 — Mon, 16 Feb 2009 11:10:12 -0500

Way to go Obobma.

Re: N.C.'s take of school plan: $551m

FFC1304 — Mon, 16 Feb 2009 10:53:47 -0500

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N.C.'s take of school plan: $551m

ryanteaguebeckwith — Mon, 16 Feb 2009 09:41:43 -0500

U.S. Rep. Bob Etheridge's school bonds plan will help North Carolina get $551 million.

The Lillington Democrat's long-standing proposal to finance zero-interest construction bonds for schools made it into the final version of the federal stimulus package.

In all, the bill provides $25 billion for school construction by giving tax credits to bond holders in place of the usual interest payments normally paid on school bonds.

That allows school districts to get more bang for their buck, since they only have to repay the principal.

For every $1,000 in bonds, school districts will save up to $500 over the life of the bonds, Etheridge's office has calculated.

Etheridge plans to tout the money at a press conference at Bugg Elementary in Raleigh this morning.