The Vigo County School Corp. is in the early stages of gaining approval of a $148.8 million budget for 2014. There are several funds that make up the whole budget:
• General fund (funded by the state, not local property taxes) — $108.7 million. • Debt service, $8.5 million. • Capital projects, $22.7 million. • Transportation, $6.8 million. • Bus replacement, $2.1 million. The total amount is 5 percent higher than the 2013budget of $141.7 million.
The $148 million dollar figure will likely come down several million dollars once it is approved by state’s Department of Local Government Finance. Most all government agencies ask for more than they know they will get when the tax rates are calculated.
That method seeks to make sure that the schools will get the maximum allowed.
The board will conduct a public hearing on the budgets Aug. 26, with adoption Sept. 9.