Loudoun School Board returns $31.7 million to county
At an April 2 School Board meeting, the board voted 7-0, with two members absent, to approve the consent agenda, which included returning the funds.
Though the board voted to return the money, in reality, they have few options otherwise. The funds for school building projects are voted on as bond referendums and may only go toward their originally stated purpose. The board typically returns money every year.
More than $20 million of the surplus came from lower land costs than previously anticipated, including $11 million saved from the John Champe High School site and $9 million from MS-7.
Another $10 million came from lowered construction costs.
Last year, the School Board returned $20.7 million in capital surplus.
Post a commentCommenting is not available in this channel entry.
Comments express only the views of the author and do not necessarily reflect the views of this website or any associated person or entity. Any user who believes a message is objectionable can contact us at [email protected].
- VP nominee Pence visits Loudoun County, says Trump is a uniter
- Virginia Republicans opt for primary nomination in 2017
- Man robbed, assaulted in Sterling
- Inaugural ‘It Takes Our Village’ event aims to help Loudoun’s domestically abused
- Loudoun Sheriff’s Office releases composite sketch of alleged W&OD Trail Sterling attacker
|The Loudoun Times-Mirror
is an interactive, digital replica
of the printed newspaper.Open the e-edition now.