2017-18 proposition to establish a reserve fund for school bus purchases

2017-18 proposition to establish a reserve fund for school bus purchases

District residents will vote on whether to authorize the creation of a reserve fund for future school bus purchases. This reserve fund would help pay for bus purchases each year. The fund would accumulate a maximum of $2 million during the 10-year period.

A school bus reserve fund would provide a funding mechanism for future school bus purchases. The District would still require the approval of voters to use the bus reserve fund for such purchases.