Orange County NC Website
Browse       Search
Winter 1991 Schuui Lark Bulletin y <br /> Figure 8 <br /> Number of Counties Incurring School Construction Debt, 1981 to 1993 <br /> (Excluding Refunding Issues) <br /> 30 <br /> 26 <br /> v 20 21 21 <br /> + I 18 <br /> U 14 <br /> to- 9 10 <br /> ! I <br /> c g <br /> Z <br /> 6 <br /> 4 <br /> 0 <br /> 0 0 1 <br /> 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 <br /> Fiscal Year Ending <br /> Figure 9 <br /> Dollar Value of School Construction Debt Issues, 1981 to 1993 <br /> (Excluding Refunding Issues) <br /> 800 <br /> 700 <br /> 600 <br /> s 500 <br /> `o <br /> 400 <br /> 300 <br /> 0 <br /> 200 <br /> 100 <br /> i <br /> 0 <br /> 1 <br /> 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 <br /> Fiscal Year Ending <br /> aid in 37 counties, was at least double the amount of was double the state aid in 27 counties, and exceeded <br /> state aid in 27 of those 37, and at least triple the amount three times the amount of state aid in 10 counties. Dur- <br /> of state aid in 10 of those 37. In 24 counties the amount ing that five-year period, borrowing alone exceeded 50 <br /> borrowed exceeded the amount of needs reported in percent of ten-year needs reported in 1988 in 31 coun- <br /> 1984, and in 7 other counties borrowing exceeded 80 ties, and in 6 of those counties borrowing exceeded <br /> percent of 1984 reported needs. 1988 reported needs. <br /> Similarly, from 1989 to 1993 borrowing equaled While counties can leverage state aid through debt <br /> at least half of state aid in 52 counties. Of those 52 financing, they can also take advantage of state aid to <br /> counties, borrowing exceeded state aid in 37 counties. reduce indebtedness and their debt service payments. <br />