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Board hears $30 million capital draw plan, bus purchases and employee housing commitment

August 27, 2025 | DeSoto, School Districts, Florida


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Board hears $30 million capital draw plan, bus purchases and employee housing commitment
District staff told the board that line items tied to the district’s capital work include what was described as a $30 million allocation for a "Building Tomorrow's Schools" initiative and that the district will request PECO draws as construction progresses.
"11 20 is a big number. It's $30,000,000 for building tomorrow's schools," Dr. Jake Reynolds said, and he added the district expects an initial draw of about $2,000,000. Reynolds also identified a separate line (referred to as "11.21") as the district’s final payment on a land purchase.
Administrators said the PECO process will involve the district requesting funds through the PECO mechanism and then drawing funds as construction milestones are reached; Rosa was named as the staff member who will make the PECO requests. Reynolds also said part of the capital reconciliation will reimburse prior engineering expenses.
On operations, the board discussed bus purchases and crossing guards. Board members noted item 11.16 as a new bus and discussed the cost and long‑term replacement strategy: purchasing buses on a staggered schedule to avoid simultaneous failures. A board member also noted that crossing guards are paid by the district and are an important safety collaboration with local law enforcement.
Administrators also reported outside support for employee housing. Reynolds said an organization referenced as Verantic had committed about $1,200,000 toward building apartments for employees to reduce commuting; staff described that as a foundation‑backed effort.
Why it matters: capital funding, land purchases and bus replacement affect construction timelines, district debt and operational reliability. The board heard the update but no formal capital appropriation vote was recorded during the meeting.

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