Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Education Funding topic
No spam. Unsubscribe anytime.
Board commits up to $4.2 million and waives sales tax reimbursements for new high school
Summary
The Board voted to commit county funding toward construction of the new Northampton County high school, approving a waiver of up to $1.2 million in state sales tax reimbursements and up to $4,198,848 from the county's unrestricted fund balance, reduced by outside grants or tax credits.
Northampton County Commissioners voted on January 27 to commit county funding toward the construction of the new county high school. The motion directed two elements of local support: (a) the county will waive its entitlement to receive up to $1.2 million in state sales tax reimbursements on the project and (b) the county will contribute up to $4,198,848 from its unrestricted fund balance, with the county's total contribution reduced by any external funding (for example, New Markets Tax Credits or other grants). The motion specified that any committed payments should be made as late as possible in the construction schedule.
The funding motion followed earlier presentations and financial updates from Northampton County Schools representatives, including Dr. Rosa Atkins and Phil Matthews. Commissioners discussed timing and conditions for county disbursements and emphasized that outside funding would offset local commitments.
The Board approved the motion by a 4–1 vote. The minutes record Commissioner Keith H. Edwards as voting no. County staff noted the commitment is conditional on outside funding reductions and timing of project payments.
The action does not itself authorize a contract amendment with the school system; rather, it records the Board's funding commitment and the conditions described. County finance staff will reflect this decision in future budget amendments and cash-flow planning.
