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District begins FY2027 capital‑budget planning; state cost‑share for Howard County drops to 50%
Summary
Capital planning staff previewed the FY2027 capital budget development process and reported new Interagency Commission on School Construction allocations: an FY2027 CIP target of $14.4 million and an EGRC allocation of $3.65 million, with Howard County's state cost share reduced to 50%.
District capital planning staff on July 17 outlined the FY2027 capital budget kickoff and said the Interagency Commission on School Construction (IAC) approved new funding targets and confirmed a lower state cost share percentage for the county.
Dan Lubley, Executive Director of Capital Planning and Construction, reviewed enrollment trends and stated construction costs continue to pressure capital needs: the IAC’s construction cost index shows a roughly 63% increase in school construction costs since FY2018. Lubley explained…
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