• 2016 Budget
    Introduction General Debt Service Capital Projects Transporation Bus Replacement
  • Budget Assumptions Revenue Estimate Spending Plan Cash Flow Miscellaneous
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    BUS REPLACEMENT FUND
    OVERVIEW

    CGCSC Bus Lot
                                           CGCSC Bus Lot
    Purpose:
    This fund is used only to buy school buses used to transport children. This includes the large yellow buses, special education buses, and activity buses.

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

    Property Tax Impact:
    The tax levy increases in this fund are limited by a state inflation factor which has been about 2.5% for the last few years.  This provides increased revenues in this fund for most years.  Buses are supposed to be replaced based on a 12-year replacement plan, but in many school corporations, including Center Grove, the tax levy does not provide enough money to replace buses that often.