Martinsville Bulletin: County school board approves budget

March 18, 2016

PAUL COLLINS | Bulletin Staff Writer

The Henry County School Board approved its proposed fiscal year 2016-17 budget – with a smaller increase in county funding than originally proposed – at a special meeting Thursday morning.

The original proposed budget called for increasing county funding by $777,084, or about 4.9 percent, because of debt service for Meadow View Elementary School (the new school being built to replace Collinsville Primary and John Redd Smith Elementary).

However, schools Superintendent Jared Cotton told the school board Thursday that he had learned that $126,666 that the county had been paying in debt service for Irisburg Elementary School for renovations will be applied toward debt service for Meadow View Elementary. That reduces the increase in county funding in the school system’s proposed FY 2017 budget from an increase of $777,084 to an increase of $650,418, or 3.8 percent.

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