SBA board approves 15 of 18 county requests
By Ryan Quinn, The Charleston Gazette-Mail
Out of the 18 county public school systems that requested money in this year’s state School Building Authority “needs” grant funding cycle, only Cabell, Ohio and Wood didn’t get any funding.
The 18 school systems had asked for a combined roughly $94.7 million in this year’s funding cycle, though Fayette County said it was open to receiving funding over two years if not enough was available in this year’s cycle.
Changes recommended and/or endorsed by the SBA staff shaved the total requested amount down to $68.8 million before Monday’s vote on which projects to fund.
The SBA’s board voted to approve disbursing all $48.8 million in available dollars in this year’s funding cycle and set aside $10 million out of next year’s funding cycle for Fayette’s plan.
The board also gave Monroe County a $500,000 reserve grant this year as part of a plan to provide it $13.7 million in the future if its residents vote in favor of higher property taxes as part of a bond election that could help provide $9 million in local funds to match the requested SBA dollars.