Washoe County to Hold School Capital Funding Meeting - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Washoe County to Hold School Capital Funding Meeting

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WCSD Trustees and Superintendent Pedro Martinez answer questions and provide further information to Washoe County Commissioners about the school capital funding initiative on Tuesday.

Specifically, discussions will center on the history of WCSD's capital funding (including the bond rollover approved by voters in 2002), and the current status of WCSD's capital funding needs at its schools and district buildings.

The 4pm meeting will take place at the Washoe County Commission Chambers located at 1001 E. 9th Street, Building A in Reno.

The Washoe County Board of Commissioners will continue its dialogue with the Washoe County School District regarding a proposed increase in sales and property taxes to provide capital funding for school buildings.

AB46 gave discretion to the Washoe County Board of Commissioners to impose additional taxes that would generate funding for certain school repairs and maintenance in the Washoe County School District. The school capital funding initiative proposes to increase sales tax by ¼ of one percent in Washoe County and property tax by 5 cents per $100 of assessed value in Washoe County. The Board's authority to impose the new taxes depends on getting approval of 4 of the 5 County Commissioners by Jan. 1, 2014.

Commissioners will continue their detailed review and preparation regarding AB46 during regularly scheduled Board meetings on the second and fourth Tuesdays of the month. There is one more workshop between WCSD and the Commissioners scheduled for 4 p.m. in the Chambers on Tuesday, Oct. 15.

If AB46 is approved by the commission, the monthly cost for the average family would be approximately $8. AB46 would raise $20 million annually to support capital needs in the District. WCSD is the only school district in Nevada that does not have a sustainable, ongoing source of funding for capital projects (basic repairs and maintenance to more than 100 District buildings).

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