Casey Middle School to receive renovations

September 09, 2003|BRENDA S. EDWARDS

LIBERTY - Steps were taken Monday night to secure financing for the Casey County Middle School renovation project.

Casey County Board of Education approved two resolutions to secure funds from school building revenue bonds to finance the $1.1 million project. The school district will put up half the money for the project and the bonds will be for $690,000.

The school system has a $339,408 grant and will put in $231,064 in district funds.

Rosemary Woodruff of First Kentucky Securities said the bond sale will be Sept. 16.

The board approved the $1,161,150 base bid from Doss & Horky in Danville to install a new heating and air conditioning unit, replace ceiling tiles and install new controls on the mechanical system and another $51,220 bid to replace exhaust fans.

The project is scheduled to begin immediately after plans are approved and will be completed in May 2004.

In other money matters, the board set the tax rate the same as last year and approved a $18.1 million working budget.


The tax rate was set at 36.9 cents per $100 property valuation for real estate and tangible property, and 56.3 cents per $100 valuation on motor vehicles.

The board had proposed increasing the rate from 36.9 cents to 37.5 cents to try to recoup some of the loss of revenue because of low interest rates, but board members decided to keep the rate the same as last year.

Deena Randolph, finance officer, said the new budget has a $300,000 to $400,000 cushion. The board expects to get a 3 to 5 percent cut in state revenues. She said average daily attendance decreased in 2003 and that will have a negative impact on the Support Education Excellence in Kentucky funds that the district receives. There is a 2 percent or $363,328 contingency in the budget.

The budget includes $180,000 for three new buses, she said.

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