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School staff outline $960M five-year capital plan as debt falls below $100M
Summary
District staff presented a five-year capital plan that lists $960 million in projects, reviews revenue sources (ad valorem, impact fees, county sales tax share), and reports total debt below $100 million with payoff timelines for SBE and COPS bonds.
Kelly Randall, presenting the district's five-year capital plan, told the Lake County School Board the plan lists roughly $960 million in projects over five years and reviewed primary revenue sources and constraints, including the effect of required charter-school shares and transfers to capital for insurance and staff costs.
Randall outlined three main capital revenue streams: ad valorem property tax (local capital outlay), impact fees dedicated to new capacity, and the county's 1¢ infrastructure sales tax (one-third share to the district). She said the district has projected $12 million…
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