School Capital Fund Commission Meeting | April 27, 2026

The Buncombe County Government held a School Capital Fund Commission meeting on April 27, 2026, focusing extensively on school capital projects funding, debt issuance, and budget allocations. The commission reviewed financial updates including sales tax revenue and debt service obligations related to limited obligation bonds (LOBs) and general obligation (GO) bonds. They discussed prioritizing high-value projects such as the $28 million WD Williams Elementary project, Asheville City Schools security enhancements, and other facility improvements. The commission considered scenarios involving a potential referendum in November to fund projects via GO bonds, with contingency plans if the referendum does not pass, including pay-as-you-go funding and LOB issuance. Motions were passed to proceed with design and initial funding for key projects, including security upgrades and media center renovations, while deferring some construction decisions pending referendum outcomes. The meeting also addressed project prioritization, budget transfers, and the timing of design and construction phases, ensuring financial stability and alignment with debt service capacity. Future meetings will continue to refine project lists and discuss referendum details.