Division of Support Operations
Five-Year Plan & Capital Budget
Funding for Capital Projects

There are several revenue sources that fund all of the capital projects:
State funds - Class Size Reduction (CSR), capital outlay & debt service, and public education capital outlay bonds (PECO) for maintenance and construction. State of Florida funds contribute a mere 2% of the capital budget.
Local funds - Real Estate taxes (special millage two-mils), impact fees, and interest income on capital fund balances contribute 63% of the total capital budget.
Other funds - Certificates of Participation (COPS). Proceeds from the issuance of these certificates can be used to acquire land and finance capital projects. The voter approved half-cent sales tax Referendum is also used to finance the capital budget. The Referendum combined with the COPS account for the remainder of combined with the COPS account for the remainder of the 2008- 2012 Five-Year Plan and Capital Budget, approximately 35%.
To learn more about funding capital projects, click on the hyper-link below:
Treasury Department of the School District of Palm Beach County, Florida
Financial Resources for Further Information... |