Unable to continue to raise taxes for its overweight operating budget, CCSD has a better idea: sell off properties paid for with capital funds; put that money into the General Fund, where it can be used for operating expenses. Then raise taxes for the capital budget (building schools).
This is a scam that will never run out. Every few years new flaws can emerge in "old" school buildings that will demand that those buildings and the land they sit on be flogged in the real estate market and that new schools be built on cheaper (farther-out-of-city-center) land. Busing costs be damned!
Genius! Who cares if prices ebb? See Schools for Sale: Prime Sites to Be Listed in Monday's P & C.
"The Laing Middle School campus on Highway 17 will be the first to go on the market.
"'It's worth the most,' said Bill Lewis, executive director of the district's building program. 'We've already had numerous informal offers or expression of interest. … Even though the market is not great, there aren't many pieces of property like this left in East Cooper.'"
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2 comments:
Sadly, CCSD seems to have little care if kids go to schools close to home. As for Bill Lewis, he can be thankful he is not in an elected position...he just plain sucks and his not-so-hidden-agendas are nauseating....
I am glad to see them sell the Bethune Campus in North Charleston, it is a terrible location for a school right at the corner of Rivers and Remount.
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