Replenish the Capital Fund

  • The bond replenishes the capital fund. Otherwise our capital fund would have been depleted in 2017-18 because a bond had not been passed for 10 years. 
    The bond provides $19 million to cover critical needs, such as roof replacements, and emergency repairs, like plumbing and boiler failures in our older buildings.
    When the capital fund is gone, critical needs and emergency repairs must be financed out of our general fund, which pays for everything it takes to educate students, including teachers' salaries, textbooks and educational technology.  Our general fund also pays for all costs of operating schools, such as utilities and regular maintenance of our facilities.