The MCCSC board of trustees voted in favor of a resolution to issue a bond for $13 million – which will pay for buses, technology, and equipment in the school corporation.
The board said what they had available was inadequate for providing proper education.
John Kenny is the director of business operations for MCCSC. He said $3 million is allocated for electric buses, but projections are not finalized.
"Once the money is determined to be available, we will get actual quotes," he said. "In some cases, we have actual quotes. So it's a little bit different for the different types of projects or buses.”
He added issuing bonds to pay for larger expenses outside the school’s budget is not unusual.
He said MCCSC has issued bonds every year since he’s worked for the corporation, some larger at $50 million for Tri North Middle School and some smaller - closer to $5 million.
The board expects to issue the bond sometime in September.
The corporation has had ongoing discussion and complaints from parents about bus delays since last fall. The need for better technology in classes has also been expressed.
Read More: MCCSC Bus Issues Leave Parents, Children On The Curb
Kenny said some of the costs for buses and technology are covered in the operations fund of MCCSC’s yearly budget, which had more than $40 million allocated for 2022. But for extra expenses, MCCSC issues bonds.
The bond is separate from the operating referendum that will be voted on this fall which would help pay for teacher salaries.
