How to Fund Some of the Costs of Opening a New High School

The Iowa City Community School District (ICCSD) can apply to Iowa’s School Budget Review Committee (SBRC) to approve modified allowable growth (MAG) for some of the initial costs of opening a new high school.  This request should be approved.

The SBRC has approved applications for MAG for some of the costs of opening a new school before. As an example, below is an excerpt from the School Budget Review Committee Summary of Decisions March 25, 2013, which pertained to the opening of an elementary school:

22. Iowa City Community School District

The decision of the Committee in this matter is to approve modified allowable growth for the 2012-2013 school year in the amount of $295,471 for initial staffing of a new school building, to deny modified allowable growth in the amount of $15,644 for moving costs into the new facility…. https://www.educateiowa.gov/sites/files/ed/documents/sfin_March_25_2013_Summary.pdf.

MAG can be funded by a district’s cash reserves or by a local levy to build a cash reserve.

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