"Charlotte-Mecklenburg Schools leaders hope no-interest school construction loans from federal stimulus money could help build two new schools and renovate or expand four others.
CMS wants to sell $52 million of the special bonds this summer. No-interest loans could save Mecklenburg taxpayers $12 million to $15 million in the long run.
But uncertainties about the federal plan remain. Nearly a year after the school construction bonds were approved as part of the federal stimulus package, few school districts in the state or across the country have found institutional investors willing to buy them."
CMS wants to sell $52 million of the special bonds this summer. No-interest loans could save Mecklenburg taxpayers $12 million to $15 million in the long run.
But uncertainties about the federal plan remain. Nearly a year after the school construction bonds were approved as part of the federal stimulus package, few school districts in the state or across the country have found institutional investors willing to buy them."