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Voters OK changes in Mineola school repair fund
Voters in the Mineola School District have allowed the district to spend several millions in savings for building repairs.
Voters approved two referendums Tuesday. The passage of the first allows the use of $3.8 million, in a capital reserve fund, for work on windows and doors at various schools. Work will also include new brick pointing and masonry work on district buildings; and the replacement of unit ventilators in some school classrooms.
The second proposition increases the amount the district can save in that fund, from $5 million to $15 million.
Schools Superintendent Michael Nagler touted the idea of using the reserve fund. He said it beat the alternative, bonding. “It’s much better than to float a loan and pay interest and debt,” Nagler said.
“We started this reserve with an eye on saving money,” he said. “It’s a more practical way with 2 percent caps and budgets to still maintain your property.”
The first referendum passed, 363-112; the second, 295-169.