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New Central schools could include tax break

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Posted: Jan 21, 2010 4:15 PM by Mike Steele
Updated: Jan 21, 2010 5:50 PM
Source: WBRZ

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Topics: Central, new, schools, Sullivan, interest, rates, property, sales, taxes, Michael, Faulk, July, construction

The costs for two new schools in Central may be lower than expected. That could mean a break for taxpayers.

Plans call for a new intermediate and elementary school to be built on Sullivan Road north of Hooper Road. Voters in Central approved a 20 year property and sales tax plan last May.

Superintendent Michael Faulk says interest rates available now are lower than expected. Faulk tells News 2 that means the system will be able to drop the property taxes at a quicker rate and probably pay for the project in less than 20 years.

The sales purchase agreement will be voted on at a special school board meeting next week.

The new campuses will each have a 900 student capacity. Both have room for growth and the site includes enough land to build another elementary school if needed in the future.

Construction on the schools is scheduled to start in July and last about two years.

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