The next step toward getting the $810 million Wake County school construction bond referendum on the Oct. 8 ballot takes place today.
The Wake County Board of Commissioners will hold the first reading today on placing the bond referendum on the ballot. The public hearing and final reading would be on July 15.
The bond referendum would result in a property tax increase of 5.53 cents, or $55.30 more per year on a $100,000 home. The average Wake County home is assessed at $263,500, resulting in an annual tax increase of $145.72.