- Special Sections
- Public Notices
INDEPENDENCE — If the Grayson County School Board can come up with at least $75,000 in any of its future budgets, then the Grayson County Board of Supervisors will help it buy school buses beginning in 2013.
Supervisors agreed June 1 to change the guidelines of its new "School Bus Replacement Fund." The fund now must be a dollar-to-dollar match.
The county will allocate up to $75,000 per year — or 25 percent of annual county decal collections, whichever is less — to be used by the school system as a matching amount for bus purchases.
The funds will become available May 1, 2013.
The fund balance cannot exceed $150,000 in any fiscal year.
County Administrator Jonathan Sweet recommended the changes, which not only made the money more accessible to the school system, but also put a cap on the fund balance and maintain supervisors' control over the funds.
Originally, the funds were a 2-1 match, meaning the school system would have to offer up twice the amount of money as the county to access the fund. Also, the fund did not have a cap.
In May, Supervisor Joe Vaughan — a county school bus driver — asked his fellow board members to consider earmarking a portion of the revenue the county collects from its county decal fee to purchase school buses.
Vaughan said this fund is a way to show additional support to the school system and provide it with money to buy one of its most-needed items.