Fitch Ratings has assigned Raleigh a “AA” rating on the COPs for downtown improvements.

Somewhat of a mystery is the following statement:

Overall debt, including the city’s portion of Wake County’s
sizable debt burden, is moderately high at 4.3% of market value and
$4,221 per capita and is expected to rise given substantial debt planned
to finance school needs

Why would there be city debt associated with school needs????  Also interesting the $4,221 per capita debt.