The Monroe County Community School Corporation Board of Trustees has approved a $1.9-million improvement plan for one of the local elementary schools. The project includes work on existing plumbing, electrical, and mechanical systems at Clear Creek Elementary School… and is paid for by a federally subsidized bond levy. The funds would also cover the installation of additional security measures. MCCSC superintendent J.T. Coopman says the project is unrelated to a ballot referendum designed to restore funding lost in a recent round of budget cuts.
“They just don’t happen overnight so circumstances can happen in the time when you start these plans versus what happens in the interim.” Coopman said. “From the year or 18 months from when you started them to as they develop and evolve and a lot of things can happen over that period of time.”
MCCSC Comptroller Tim Thrasher says the bond will generate a levy of about one quarter of one cent per 100-dollars in assessed property value. He points to the fact that the funds are federally subsidized and therefore incur no interest.
“The impact on the tax rate is very low, spreading it out over 15 years.” Thrasher said. “If you assume we were going to need to do the project anyhow, it’s a much lower impact on the tax rate than if we had done it in the capital projects fund.”
The project is currently in the planning stages and no construction or renovation has taken place.