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March 28th, 2011, 01:38 AM
#1
Inactive Member
that $15 M school bond
Been catching up on my reading tonight and found some interesting stuff, starting with this article from down Hillllls-villlllle way...
http://www.thecarrollnews.com/view/f...es_left_column
A couple of highlights....
While it was thought that only Wise & Montgomery rec'd the max, it seems Carroll also got $15 Mil., but not all of it was for HS stuff.
(Richmond & Norfolk ALSO got $15 Mil, but that was because they have the largest % of kids in poverty.)
They express concern over a cost increase now that raw materials will be needed like crazy in Japan, AND over the $30 Mil. given to Mont. & Wise. Looks like they're unaware that SW VA got more than $45 mil... Bland got 11.6, Bristol got 3, D'enson got 10, Mart/Henry Co. got 13.9, and Smyth got 9.5, for a total of $93 Mil, or double what he was aware of.
http://www.doe.virginia.gov/news/new...011/mar2.shtml
Competition for the bonds in VA was based on a 100 point scale. You get 15 points if you're replacing a building that's more than 35 years old. To me, that says the paperwork will have to be re-submitted and that INTEREST-FREE $15 Mil. will be reduced a bit (I'm sure D'enson would like an extra 3-5 Mil).
AND "a binding committment with a 3rd party to spend 10% of the proceeds must be entered into within 6 months of the issuance of the bond".
All this makes me now think that the NEW ship has sailed. Congrats to the "anti's" - you "win", and your kids will now be crammed into outdated, 50-year-old sweat lodges come August.
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