Rising Construction Costs Push NC School Facility Needs to $18B

Rising construction costs push NC school facility needs to $18B

North Carolina school districts say they need about $18 billion for new buildings, additions, and renovations over the next five years, up from $13 billion in 2021, according to a statewide survey presented to the State Board of Education on…

NC schools list $18B in facility needs over next 5 years

The report comes just a day after North Carolina voters approved a constitutional amendment to limit how quickly local governments can raise property taxes. Property taxes are a common mechanism used to fund school capital projects.

Report finds nearly $18 billion in facility needs for NC public schools for 2027-2031

Every five years, state law requires that local boards of education submit their long-range plans for “meeting school facility needs” to the State Board of Education. The reports are then aggregated by the N.C. Department of Public Instruction (DPI) into...

North Carolina schools face nearly $18 billion in facilities needs over next five years

A new statewide survey identifies $9.8 billion in renovation needs, including more than $2 billion for HVAC systems, as aging infrastructure and rising construction costs strain school districts.