FY2011 - FY2015
Five-Year Plan and Capital Budget
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Planning for Successful Futures...
The FY2011-2015 Plan and Capital Budget (the Plan) was adopted by the Palm Beach County School Board members on September 7, 2010. The capital fund is used for both construction and non-construction projects. Construction projects include: new schools, modernization and maintenance of existing schools, building additions, land acquisitions, and construction debt. Non-construction projects include: technology purchases and maintenance, school buses, and capital equipment. All of the construction and non-construction projects within the plan are financed via: Ad Valorem property tax levies, State allocations, bonds, loans, and existing fund balances. A half cent local sales tax was added as a revenue source, in January 2005 and ended in December 2010. Palm Beach County voters approved the sales tax in November 2004, for the purpose of constructing both new and replacement schools as presented to the voters. The sales tax was approved for six years and was expected to generate $560 million in revenue over this period. For more information, click here for the Half Cent Referendum web site. The Plan is updated each year as part of the annual budget adoption process. The Capital Project appropriations are developed on an ongoing basis, and are amended as needed throughout the year. The plan represents the joint effort of the School District, city and county planners, and advisory committees, to provide educational facilities needed to educate Palm Beach County’s 170,000+ students. To view the five-year planning process, click here. To view materials related to development of the Draft FY2012 - FY2016 Capital Plan, click here.
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