School District reallocates $40M for seismic and deferred maintenance projects

In a recent meeting of the Bond Accountability Committee for the Beaverton School District, members gathered to discuss the ongoing challenges and progress related to the district's deferred maintenance and seismic projects. The atmosphere was charged with a sense of urgency as officials outlined the financial landscape and the pressing need for infrastructure improvements across the district.

The meeting revealed that the original budget for deferred maintenance was set at $120 million, with an annual allocation of approximately $20 million. However, the current budget has dwindled to $80 million, with $40 million already transferred to support seismic projects. This shift has raised concerns about the remaining uncommitted balance of $9.7 million, which, while earmarked for future projects, remains uncontracted as the district navigates the early design phases.

Committee members expressed apprehension about the financial implications of ongoing seismic upgrades, particularly as costs for essential repairs, such as roof replacements, have surged. For instance, the roof replacement at Meadow Park is projected to consume over half of its construction budget, highlighting the financial strain on the deferred maintenance fund. As discussions progressed, it became clear that additional funding would likely be necessary to support the remaining seismic projects at Cedar Park, Whitford, and Highland Park.

The committee also touched on the importance of pursuing external funding sources, such as the Energy Trust of Oregon, to alleviate some of the financial burdens associated with these projects. The district has successfully secured funding for energy-efficient upgrades, including LED lighting, which has significantly reduced costs.

Looking ahead, officials anticipate a bond sale in May that could provide a much-needed influx of cash. With $40 million currently in program contingency, there is hope that this funding could bolster the deferred maintenance budget, which is expected to require an increase of around $25 million in the coming years.

As the meeting concluded, the committee underscored the critical nature of addressing deferred maintenance issues promptly. With aging infrastructure and rising costs, the district faces the challenge of balancing immediate repairs with long-term planning. The discussions highlighted a commitment to ensuring that Beaverton's schools remain safe and functional for students, even as financial hurdles loom large.