continued If the building is sold before or within the 2012-13 school year, it would be up to the board to decide how the funds will be used.
“We could use it to reduce the amount of planned usage from the fund balance within the '12 - '13 budget of $1.75 million —the savings account we tap into — or opt to put it into tax reduction reserves for next year, or some combo of the two,” said Kehoe.
Douglas said there is no current plan with what to do with the money if the 90 Adams building is sold or if a deal is reached to lease Clarksville Elementary. Money from neither transaction was counted for in the budget.
“Either way, that money will go back to help this budget or future budgets,” said Douglas. How remains to be determined by the board.”