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Board discussion: PECO, capital outlay paybacks and charter-school funding shift squeeze Levy County capital budgets
Summary
District staff told the board that PECO allocations have shifted toward charter schools over recent years and that Levy’s multi-year capital payback schedule constrains immediate maintenance spending; members discussed impacts on buses, debt service and local capital availability.
District staff outlined at the Jan. 7 workshop how state capital-outlay funding and recent statutory changes affect Levy County’s ability to finance school maintenance and replacement.
District staff said shifts in state policy and practice have moved more Public Education Capital Outlay (PECO) dollars toward charter schools and other choice providers, reducing the effective PECO amount available to some traditional districts. “PECO has been given to Charter's and shifted over to Charter's. The weight of…
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