Capital needs continue to outstrip funding for Pasco schools
School maintenance, renovation and construction needs will outpace the Pasco school district's ability to cover all the costs for the next decade or longer, officials told the School Board on Tuesday.
The estimated deficit exists even with voter renewal of the Penny for Pasco sales tax, which is projected to raise $226 million over its ten years, as well as increasing income from the local capital tax rate and anticipated growth in impact fee revenue.
All told, the district projects $1 billion in capital needs through 2025, and $711 million from all funding sources.
"It's certainly a challenge," planning director Chris Williams told the board.
The staff is working on setting priorities, which the board will review and approve during its budgeting process.