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Board approves purchase of two buses after debate over leasing vs. buying
Summary
After staff presented reimbursement and cost comparisons, the Hardy County Schools board voted to buy two buses (one 77-passenger and one special-needs vehicle), with county funds covering a small shortfall; members discussed impacts on bus-replacement reserves.
The Hardy County Schools board voted to approve the purchase of two school buses after receiving staff analysis comparing leasing with outright purchase.
Finance and transportation staff (speaker 5 and Josh, speaker 6) reviewed the district’s bus-replacement funding, state bid/reimbursement mechanics and interest-cost scenarios for 3-, 4- and 5-year financing terms. Staff presented examples showing how state reimbursement works over a 12-year window and estimated interest costs per bus under different financing terms.
Why it matt…
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