Kokomo Tribune; Kokomo, Indiana

Local News

March 14, 2014

Tri-Central amends Capital Project Fund

Property tax revenue falls short of predictions.

SHARPSVILLE — Tri-Central Community School Corp. had to adjust its plan for its Capital Project Fund after property tax revenue was less than anticipated.

With $923,000 in its Capital Project Fund, which is supported by property taxes, the corporation initially submitted a plan to the state to spend $858,000 this year. After receiving less revenue than expected, the board supported a new plan for how available money would be spent.

Preventative maintenance projects such as technology upgrades and repairs to the parking lot were put on hold until next school year, when Superintendent Tim Garland expects to build them back into the budget. The state gives guidelines for how the Capital Project Fund can be spent, which includes facilities, technology, utilities and other areas. Districts submit a plan to the state specifying how they will use the Capital Project Fund.

Also at the meeting, the board approved adding time to the school day next month to make up for missed instruction due to snow days this winter. Tri-Central will add 30 minutes to the end of the school day from April 1 through 3, and April 12 through 24.

Education reporter Lauren Fitch can be reached at 765-454-8587, by email at lauren.fitch@kokomotribune.com or on Twitter @LaurenBFitch.

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