School funding | Our Schools
Last updated 9/1/2021 at 12:02pm
Dear friends, I have been out in the community talking about our upcoming bond vote in April and have discovered there is a lot of confusion about how schools are funded. I would like to take I the opportunity to try and clarify a pretty complicated system.
Our budget has five parts: the general fund, which is the operating budget guiding our day-to-day activities; capital fund, which covers our long- term school construction and repair needs and cannot be spent on school operations; debt service which is used to pay the principal and interest on bonds issued to finance school construction...