Can we sell or lease district property to create income for the district?
Selling school property would generate significant income, but unfortunately it would not help our operational shortfall. Since most of our early schools were built with a combination of local bond money and state dollars, there are a number of restrictions, depending on the particular property. Generally speaking, under the state’s complex financing rules, proceeds from the sales of surplus sites must return to the capital budget, which pays for construction and modernization.
