Randolph County, North Carolina, Capital Budget Increased By 283%

FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by Randolph County, North Carolina. Here are our observations. 

In the CIP covering the 2025–2030 fiscal years, Randolph County, North Carolina, outlined plans to spend $209.3 million on capital programs, a sharp increase of 283% from $54.6 million in its 2024–2029 CIP. The current CIP includes a significantly higher number of business areas and greatly expanded funding commitments. The table below breaks down Randolph County’s planned capital spending by all key business areas from its official CIP programs.

*Numbers are Rounded

Randolph County’s Capital Spending Breakdown: Strategic Investment in 2025–2030

• Education First – More than two-thirds of planned spending ($137M+) is directed to Randolph County Schools and Asheboro City Schools. This includes new school construction, facility upgrades, and safety improvements to support a growing student population.
• Infrastructure Expansion – Significant new funding is allocated to rural water and wastewater projects, ensuring clean water access and compliance with environmental regulations, while supporting residential and economic development.
• Community Investment – Public spaces, parks, and neighborhood improvements represent over $36M in funding, highlighting Randolph County’s commitment to enhancing residents’ quality of life.
• Balanced Government Services – While school and infrastructure projects dominate the plan, core government facilities and health care facilities continue to receive targeted investments, ensuring that essential services keep pace with growth.

Top 3 Projects by Value (2025–2029 CIP)

1. Randleman High School – valued at $65M. This project is a complete replacement of the existing Randleman High School.

2. South Asheboro Middle Renovation – valued at $36.8M. Renovations and infrastructure upgrades are needed to South Asheboro Middle School, which was originally constructed in 1962. The project will require temporary relocation of students into mobile classrooms during construction. 

3. Liberty Elementary School – valued at $35M. The existing Liberty Elementary School is inadequate for the growth expected in the northeast section of the County. Rather than a renovation of the current location, Randolph County Schools requested a new facility to respond to the expected growth in attendance.

Randolph County’s Capital Plan Approval Approach

Randolph County follows a structured process for capital planning and adoption:

1. Department Submissions – County departments, schools, and community institutions submit capital requests.
2. County Manager Review – Projects are reviewed for feasibility, cost, and alignment with county goals.
3. Public Engagement– Residents provide feedback during hearings and workshops.
4. Commissioners’ Approval – The Board of Commissioners adopts the multi-year CIP during the annual budget process.

This approach ensures that the CIP reflects both immediate needs and long-term strategic growth priorities.

Source: North Carolina Association of County Commissioners – County Budget Process; UNC School of Government – Capital Planning

History of Randolph County, North Carolina

Randolph County was established in 1779 and named after Peyton Randolph, the first president of the Continental Congress. The county seat, Asheboro, developed rapidly as a railroad and textile hub in the 19th century. Today, Randolph County is a key part of the Piedmont Triad region, strategically located between Greensboro and Charlotte. Randolph Community College, a vital educational institution, plays an important role in workforce development and training.

• Founded: 1779
• County Seat: Asheboro
• Named After:  Peyton Randolph, first president of the Continental Congress
• Key Sectors: Education, Manufacturing, Healthcare, Agriculture

Fun Facts About Randolph County, North Carolina

• The North Carolina Zoo in Asheboro is the largest natural-habitat zoo in the world, covering over 500 acres and welcoming nearly 1 million visitors annually.
• Randolph County was featured in the 2005 film *Junebug*, which starred Amy Adams in an Academy Award–nominated role.
• Once a major textile hub, Randolph County’s mills helped fuel North Carolina’s industrial growth throughout the 19th and 20th centuries.
• The North Carolina Aviation Museum & Hall of Fame, located in Asheboro, showcases historic aircraft and aviation history from the state.

How FirmoGraphs Can Help 

FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.