Decatur School District outlines $35M capital plan and financing strategies

The June 10 Board of Education meeting in Georgia spotlighted a bold $35 million capital improvement plan aimed at enhancing educational facilities across the district. Dr. Lalita Brode outlined a comprehensive strategy to fund transformative projects, including an early childhood learning center and various specialized facilities.

The proposed plan includes significant one-time startup costs for design and construction, covering essential materials and labor. Dr. Brode emphasized the importance of investing in the district's future, stating, "We need to invest in the sustainability of CST success for the district's strategic plan."

To finance these ambitious projects, the district is considering several options, including the use of a Public Facilities Authority (PFA) to issue bonds without requiring a referendum. This approach allows for long-term financial commitments while minimizing taxpayer liability. The district may also explore general obligation bonds, which would necessitate voter approval.

Ongoing operational costs are projected at $3 million annually, primarily for staff salaries and building maintenance. The district plans to utilize funds from student tuition to help cover these expenses, with an estimated $1.5 million expected from full and partial tuition payments.

As the district moves forward, the earliest a referendum for general obligation bonds could be called is November, with the potential for lower interest rates making this a favorable option. The Board's commitment to enhancing educational infrastructure signals a proactive approach to meeting the needs of students and the community.