Increased sales tax revenue paves way for accelerated Pasco school projects
A 40 percent rise in sales tax revenue allowed the Pasco School Board to move faster than expected on planned school improvements.
The School Board had planned to authorize $20 million in sales tax revenue bonds on Tuesday in support of new projects. The higher revenue gave the district room to bond $30 million instead.
"We have identified the $10 million to start the design process for Woodland Elementary and Land O Lakes High School," chief finance officer Olga Swinson told the board.
Both schools are in line for major renovations.
The School Board unanimously approved the issuance without comment. The rest of the money is to support projects at Marchman Technical College and infrastructure upgrades at various campuses.