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CVSD board approves 12‑year lease for electric school buses with Highland Electric
Summary
The Champlain Valley Unified School District board unanimously approved a 12‑year lease with Highland Electric Transportation to add electric route buses, with the partner covering capital costs, projected operating savings tied to a Green Mountain Power arrangement, and a $31,000–$33,000 annual per‑bus lease cost.
The Champlain Valley Unified School District board on the evening’s agenda approved a 12‑year lease with Highland Electric Transportation to add electric route buses to the district fleet.
Gary (finance lead) told the board the partner will cover all capital costs and take on tax‑credit and grant incentives, allowing the district to lease buses for about $31,000 per bus per year with a maximum 3 percent annual escalator. He said the company will handle most major maintenance and electricity costs and that an…
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