Perkins school board wants to channel funds toward building projects
Nov 1, 2011 at 9:00 AM
Perkins Schools is plotting a move its board hopes will put the district in a better position for the future as it plans for a new or drastically revamped high school.
School officials will host a public hearing Wednesday about its proposal to funnel some of its tax income away from the operating fund and into the permanent improvement fund.
By moving some of that money-generating "inside millage" into permanent improvements, the district hopes to essentially set up a steady stream of funds to use for its building projects.
Transferring some millage that currently funds operating expenses would create a bigger shortfall for the general fund in the immediate future, but school officials said the move will pay off in the long run.
Read more in today's Register or e-paper