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Garrard County school board pauses GCHS gym plan after state gap funding falls short
Summary
Board members said an audit showed the high school project requires $15,000,000; district bonding capacity is about $13,000,000 and the stateprogram would only cover half of the unmet cap, leaving roughly $7.5 million short. The board said it will shelve the gym until funding is secured.
Speaker 1 opened a question about why the gym was not included in the current high school construction project, and Speaker 4 laid out the financial reasoning that led to its removal. "When the audit was completed... the audit actually said we needed $15,000,000," Speaker 4 said, and added the district could bond to about $13,000,000. Speaker 4 said the stategap program would cover only half of what districts could not cover, leaving the district roughly $7.5 million short of completing the gym.
The board described escalating construction and bonding costs during and after the pandemic as key drivers of the change. Speaker 4 explained that the program initially…
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