Schools in Trouble If Reserves Taken Away - 8 News NOW

Schools in Trouble If Reserves Taken Away

Posted: Updated:

LAS VEGAS -- Nevada lawmakers hope to find ways to free up some money and create jobs, all while renovating older schools in the Clark County School District.

CCSD's main concern is $300 million in the district's bond reserves that could be taken if the governor has his way. It also worries about what it would mean for the district's future ability to fund capital programs on a high priority list, like Fremont Middle School.

The school is basically falling apart and in need of major repair. If the bonds are taken away, the school will not get the help it needs.

"This unit itself is the main component to running air conditioning in the building and literally inside of here, because it's so rusted and old, we have a boulder in there covering one of the holes because there is no fixing anymore. It's beyond repair. The only thing we can do is replace the unit -- $20,000 plus to replace this unit," said Fremont Principal Antonio Real.

Real has been the principal at Fremont for the last three years. The air conditioning unit is one of the many reasons, he says, the school needs to be torn down and rebuilt.

Showers in the locker rooms are now storage rooms. They can't be used because of mold that was once there, causing the ceilings to be town down.

It's these type of projects that could be put on the back burner if that $300 million in reserves are taken and used for a huge payment to the states general fund. The district worries it would keep future bonds from being voted on.

"Roughly $300 million is what's targeted and he expects to be able to pull it out of the reserve in the bonds. Those reserves are there for a specific purpose, which is to demonstrate that we will be able to pay the debt service even if times are tough," said CCSD Associate Superintendent of Facilities Paul Gerner.

Fremont Middle School is one of 13 schools that could benefit from future bonds. If the proposed School Works legislation were to pass, the chair of the Ways and Means Committee says smaller school districts would stand to benefit faster than larger ones, like the CCSD, because she says Clark County clearly needs to hang onto their bond reserves to make sure they can cover their debt.

  • Las Vegas NewsLas Vegas NewsMore>>

  • State accepts NLV balanced budget plan

    State accepts NLV balanced budget plan

    Thursday, April 17 2014 12:27 AM EDT2014-04-17 04:27:29 GMT
    The city of North Las Vegas says it has submitted a balanced tentative budget to the state. A balanced budget was due Tuesday to avoid a possible takeover by the state.More>>
    The city of North Las Vegas says the state has no problems with its proposed balanced budget plan. The city confirms that the state responded to the tentative plan and has no issues with it.More>>
  • BREAKING NEWS: One man stabbed to death with screwdriver

    BREAKING NEWS: One man stabbed to death with screwdriver

    Wednesday, April 16 2014 11:04 PM EDT2014-04-17 03:04:07 GMT
    One man is dead after being stabbed to death with a screwdriver Wednesday afternoon, Metro Police said. According to police, the stabbing happened around 3:30 p.m. in the parking lot of a thrift store near Rancho Drive and Cheyenne Avenue.More>>
    One man is dead after being stabbed to death with a screwdriver Wednesday afternoon, Metro Police said. According to police, the stabbing happened around 3:30 p.m. in the parking lot of a thrift store near Rancho Drive and Cheyenne Avenue.
    More>>
  • Henderson budget shortfall could mean higher taxes, fees

    Henderson budget shortfall could mean higher taxes, fees

    Henderson budget shortfall could mean higher taxes, fees

    Wednesday, April 16 2014 10:07 PM EDT2014-04-17 02:07:18 GMT
    The City of Henderson is staring down the barrel of a $19 million budget shortfall.Proposed ways to bridge the gap include cutting services at local parks and recreation centers and increasing property taxes.More>>
    The City of Henderson is staring down the barrel of a $19 million budget shortfall.Proposed ways to bridge the gap include cutting services at local parks and recreation centers and increasing property taxes.More>>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.