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Rutherford County reallocates leftover capital funds to buy McFadden School parcels amid debate over charter funding and priorities
Summary
The committee approved moving roughly $2.04–$2.4 million in leftover Church Street project funds to buy five parcels at McFadden School for renovation and expansion; commissioners questioned enrollment projections, alternatives and effects on other school funding, and one commissioner voted no.
Rutherford County's Budget, Finance and Investment Committee on Jan. 8 approved reallocating leftover capital funds from a Church Street renovation project to buy five parcels adjacent to McFadden School, laying groundwork for renovation and potential enrollment growth.
Michael (Finance Director) told the committee there is approximately $2.04–$2.4 million of leftover bond or project proceeds from Church Street that could be moved into a McFadden project fund. He described the recommended path as reallocating those project funds…
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