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'We've kicked this can down the road for too many years' | Charlotte business groups push $2.5B CMS bond

On Flashpoint, the co-chair of "Vote Yes for School Bonds" says he's optimistic the bonds will pass,

CHARLOTTE, N.C. — Members of Charlotte's business community are actively campaigning for a $2.5 billion CMS bond package in November.

"If we want our community to continue to be successful, we have to invest in our future generations," David Longo, co-chair of Vote Yes for School Bonds, said.

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Longo is also the CEO of CBI Workplace Solutions.  

Charlotte Regional Business Alliance is also advocating for the bonds, saying the investment is long overdue.

"We've kicked this can down the road for too many years," Longo said.

RELATED: $2.5B school bond heads to November ballot

The bond would fund about 30 construction projects.  According to county projections, if the bond is approved, starting in 2025, property taxes would go up $38 a year for a house valued at $384,000. Then it would go up $77 a year in 2028, and then $115 more a year from 2029 to 2031.

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Longo said the cost of not passing the bond is more expensive.

"The challenge is, if it doesn't go through, this is going to cost us some more money later on."

Contact Ben Thompson at bthompson@wcnc.com and follow him on FacebookX and Instagram.

Flashpoint is a weekly in-depth look at politics in Charlotte, North Carolina, South Carolina, and beyond with host Ben Thompson. Listen to the podcast weekly. 
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