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Swain County board approves interim 2025-26 budget, authorizes drawdown for middle school project
Summary
The Swain County Board of Education approved a continuing resolution for the 2025-26 interim budget, authorized a drawdown request for needs‑based capital funds to start middle school construction payments, and adopted budget amendments that include a $52 million needs‑based capital grant plus a $2.6 million county match in the capital outlay.
The Swain County Board of Education voted unanimously May 17 to approve a continuing resolution to carry operations into the 2025‑26 school year and to request an initial drawdown from the Needs Based Public School Capital Fund for the middle school project.
The action matters because the district has begun contractor and architect work for the middle school and needs cash flow before the full 2025‑26 budget is adopted. Board members and staff said the drawdown covers three months of architect fees and that the district will return with a full 2025‑26 budget once state allocations and fringe benefit figures are finalized.
Miss Treadway, the district finance presenter, told the board the drawdown request is for roughly $176,700 — 95 percent of a projected $186,000 in…
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