The key interest rate that drives loan decisions just dropped below 1 percent, which is lower than ever before. It is highly unlikely that a lender will ever pay Loudoun County Public Schools to borrow money, so it is not likely to drop much further.
Considering our Triple-A rating, the cost of borrowing literally has never been lower. It is time to take the cap off the school system capital budget and borrow the money to build the needed schools now. Over my eight years on the School Board I never heard anyone argue large class sizes led to success in education, so let’s avoid an obvious problem by taking advantage of an obvious opportunity.