Skip To Main Content

Capital Projects

2017 Budget
Debt Service
Capital Projects
Bus Replacement
Budget Assumptions
Revenue Estimate
Spending Plan
Cash Flow



CGHS Construction
Center Grove H.S., July 2016 

The Capital Projects Fund is used for equipment, maintenance, construction and repair of buildings, land acquisition, and fees for professional services.  This includes many maintenance contracts, and the contract for our copier machines.  We also pay over a million dollars each year from this fund for utilities.

This fund also provides for part of our technology programs.  It funds most of the technology staff, as well as a part of the hardware and software.

Revenue Sources:
More than 99% of the revenue in this fund comes from property tax and other local taxes.

Property Tax Impact:
This fund has a property tax rate limit that is established by a complicated formula.  Because of the complexity of the formula, it has been the subject of legislation to change the calculation in 2011 and again in 2015.  Conceptually, this formula causes the tax rate to go down when the assessed value goes up, effectively limiting the revenue in this fund.