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Shenandoah County board plans larger annual borrowing to fund schools and capital projects
Summary
At a Feb. 12 work retreat the board agreed planning should move from $5 million to $8 million in annual borrowing to cover capital needs — with $5 million earmarked for Shenandoah County Public Schools — as it weighs school renovations, library expansion and an ERP overhaul.
At a Feb. 12 work retreat, the Shenandoah County Board of Supervisors agreed to plan for increased annual borrowing to meet a set of capital priorities including school renovations, a library expansion and an enterprise resource planning overhaul. The board said prior borrowing of $5 million annually with five-year debt service was insufficient and reached consensus to plan around borrowing $8 million annually, with $5 million designated for Shenandoah County Public Schools for operating and maintenance capital.
Board members listed specific capital needs during the discussion: school building renovation and expansion, fire and rescue facilities and equipment, a county library expansion and an overhaul of the county’s enterprise resource planning system. The board noted that clear public communication about the tax implications and coordination with schools and the county’s infrastructure planning committee will be needed as borrowing plans are developed.
