COEUR d'ALENE - The North Idaho College Board of Trustees decided Tuesday on how to finance a new $15 million Career Technical Education facility without raising taxes.
After reviewing several potential options, the trustees decided to use $11.5 million of its capital reserve funding, $2.5 of the college's operating reserves and possibly another $1 million in revenue anticipation bonds at the end of construction.
"We've done our fiduciary responsibility, which was to manage this account the way it was supposed to be managed," he continued. "We don't want any misunderstanding that this is going to cost taxpayers money. This is exactly what this money was proposed for."
Most of the trustees were concerned about tapping too deeply into the college's reserve funds while they are also looking to partner with University of Idaho and Lewis-Clark State College on a joint-use facility in the education corridor. Jeff Selle, Cda Press Full story.
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