Questions & Answers
Guilford County placed a bond on the ballot for voter approval to provide long-term funding to support our public school system. Bond funding can only be used for its approved purpose; in this case, for Guilford County schools.
The school bond was in the amount of $300 million. The Guilford County Board of Education has identified a need for $2 billion to transform, renovate and repair Guilford County school facilities. The $300 million bond approved in November 2020 jumpstarts this improvement process.
Money from the bond is being used to fund projects that were identified as part of the Facilities Master Plan to transform, remodel and rebuild public schools in Guilford County.
S.M.A.R.T is an acronym for Safe, Modern, Accessible, Renovated, Tech-Ready schools. S.M.A.R.T is a reminder that the $300 million school bond passed in November 2020 is a starting point to address the fact that the majority of Guilford County school buildings are outdated and need to be transformed, remodeled or rebuilt.
Guilford County has a Triple A bond rating, which means we were able to borrow the funds at a very low interest rate and can repay the money over many years. Bond financing is an excellent way to support public infrastructure projects, like much-needed improvements to our schools.
The needs of every public school in Guilford County are addressed in the Facilities Master Plan. The Facilities Master Plan was commissioned jointly by the Guilford County Board of Education and the Guilford County Commissioners. The process to create the Facilities Master Plan included inspecting every single school in the county and holding more than 90 meetings with parents, community members and national experts.
The $300 million bond passed in November 2020 is being used to address the needs of schools in the worst conditions, acquire land for new buildings, start priority repairs, implement technology upgrades, and improve school safety. The Facilities Master Plan is guiding this process and addresses the needs of every school in Guilford County.
The $300 million school bond passed in November 2020 was put on the ballot with the impacts of COVID-19 in mind. The majority of our schools are not ready to support technology, online learning or remote learning. Money from the last bond is going towards sufficient bandwidth, network security, digital devices, and wireless classrooms upgrades.