Beaufort County schools borrowed $130M in 2008. How well did they spend your money?

A decade has passed since the last successful Beaufort County Board of Education referendum.

In 2008, voters agreed to let the district borrow $162.7 million for a long list of projects, including two new schools, a high school auditorium, two Early Childhood Learning Centers, land for four schools and maintenance upgrades at schools throughout the county.

A slim margin of just 422 “yes” votes led to its passage. A total of 10,022 voters cast ballots.

On Saturday, voters will be asked once again to let the district borrow money — $76 million this time — raising the question of how well the district spent tax dollars the last time.

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All but two of the projects came in on or under budget, according to a third quarter financial report for fiscal year 2016. One of those cost nearly double what the district estimated, while the other — a major building project — cost about $6 million more and was built three years later than planned.

The savings from the overall list of projects meant the district borrowed less than what they asked for in the 2008 referendum, according to district spokesman Jim Foster.

The first cost overrun, an upgrade of the band and drama rooms at H.E. McCracken Middle School,

Article source: http://world.einnews.com/article/442626696/c5zcfPktTjstx-hr?ref=rss&ecode=dYZEnKEuqPQMTccj