Overview: In a recent meeting, the Clay County School Board discussed significant plans to address the rapid growth of the student population in the county, alongside financial strategies and educational programming enhancements. The board deliberated on the construction of a new school and additional classroom wings to existing schools to manage the influx of students due to area development. The cost implications weighed heavily on the board’s mind, with a new school estimated at $80 million and classroom wings at $36 million. To finance these projects, the use of impact fees, bonds, and certificates of participation (COP) was proposed.
