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The Governor’s Educational Technology Initiative offers Virginia school divisions the latest in classroom “high tech” with an assurance that the money to pay for the new computers, satellite disks, and other equipment will be there for the first year of a five-year amortization schedule and a promise that the rest will be forthcoming. On the basis of that promise, the Rappahannock School Board has asked the county supervisors to issue bonds for $18,500, the “front money” for an electronic classroom at the high school and six computers and a printer for the elementary school.
According to Superintendent David Gangel, once the supervisors act, the Virginia School Board Association will issue a like amount of bonds and use the proceeds to buy back the county’s bonds in annual transactions.
The state budget for the current biennium includes an allocation to finance the first year’s repayment. Dr. Gangel told the county’s School Board in September. The remaining 80 percent will be appropriated in the coming four years, he assured the School Board. “I know it looks like a risk, but the governor and the legislature is committed to pay for this.” He also pointed out that the Commonwealth’s institutions of higher education have employed the same bond funding mechanism in the past and in every instance, “the
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