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eluded. Without that section, the budget would be a 7.4 percent increase over last year’s. If just the items dealing with the expansion project were taken out, there would be an increase of 6.7 percent.
Estabrook explained that for the school system to apply to the State Department of Education for approval so that literary fund loan money can begin to flow to cover the capital outlay expenses, finshed drawings have to be presented. He said that the expansion project’s finished drawings should be ready within the next month and a half.
If the drawings were ready by June 1, Estabrook said, the state would then either approve or disapprove them in two to six weeks, and if approved the system would be placed on the literary loan list. “That is simply one option for a school board and board of supervisors by way of how you would pay the architect’s fees during that next year or how you would pay the contractor,” Estabrook said. “There are other options with varying percentages of interest being charged, with varying timelines as to when money is available and many sides to that.”
Estabrook recommended that the School Board meet with the Board of Supervisors to discuss the options available for funding a c. pital outlay project and “to seek .a cooperative effort in how best to go about it.” Estabrook said that the figures presented were determined based on the architectural firm’s projection that 80 percent of their work would be com
92.8%