The Lincoln Junior High School building project has the Plymouth Community School Corporation borrowing money from its Rainy Day Fund. Superintendent Andy Hartley told the school board Tuesday that some architect’s bills will soon be due to Barton-Coe-Vilamaa, but the bonds to pay for the project won’t be sold for another couple months.
The school board passed a resolution letting the corporation use money in its Rainy Day Fund. The fund will be reimbursed once the bond proceeds are available.
No public comments were offered during a public hearing Tuesday on the corporation’s 2018 budget, capital projects plan, and bus replacement plan. The proposed budget calls for a General Fund of just under $26 million. Four school buses are set to be replaced next year, at a cost of just over $491,000.
The school board is scheduled to adopt the corporation’s 2018 budget on October 3.
