RENO, Nev. (KRNV & MyNews4.com) -- Washoe County School District has submitted a capital funding bill to legislature to pay for necessary repairs and maintenance of over 100 buildings, including 93 schools.
Assembly Bill 45 (AB 46) would authorize a ¼ percent increase in the sales tax in Washoe County and a property tax increase in Washoe County of $0.05 per $100 of assessed value. It would also allow the revenue WCSD currently receives from the Government Services Tax (GST) to be bonded. The GST provides only a small percentage of annual capital funding.
WCSD says AB 46 is expected to generate approximately $20 million annually to fund the repair, replacement, and maintenance of aged and failing systems and equipment at all schools and District sites across the county. According to UNR’s Center for Regional Studies, the combined tax increases are expected to cost the average family less than $8 per month.
WCSD says funds generated by AB 46 would enable the District to pay for the maintenance, repair, and replacement of equipment including heating and ventilation systems, plumbing systems, roofing, and pavement. As economic conditions allow, the District might consider asking voters to approve other sources of revenue that may include a rollover bond to finance the construction of new schools and major revitalization projects. District officials say they are pledging to continue those conversations with the community.