School Facilities Fund, HB 521 & HB 292 Funds Home
School Facilities Fund, HB 521 & HB 292 Funds
Click here for Mountain View's 10 Year Facilities Plan for Each of the School's Sites and Buildings
Use of HB-292 "Tax Relief Funds"
- Bonds
- Supplemental Levies
- Plant Facilities Money
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*(Expect to see an increase in HB292 because we no longer have lottery or Bond Equalization Money).
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Use of HB-521 "School Facilities"
- Used to repair, maintain, or construct new, etc.
- $4.4 Million over 10 Years
- Lump Sum or Annual Distribution
- If Annual is chosen, then the District must pay down additional tax debt (Bonds, Levies First)
Use of HB-521 "School Facilities"
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Must File a 10 Year Plan
August Election Day Taken Away
Bond Equalization & Lottery Monies Gone
Governor Appoints Executive Officer to State Board of Education
4- or 5-Day School Week Provision to Access Funds
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4 Day Weeks Must Meet Minimum Day and Hours (not set till Aug. 1, 2024)
MVSD's Dollar Amount Close to 4.4 Million for 10 Years.
- Remember No Lottery Money! (Currently $150,000 a year goes away)
- This needs to meet all building needs for the next 10 years (2034)
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