Miami-Dade School Board approves $1.2 billion capital bond referendum request
Updated On: Aug 02 2012 09:45:15 AM EDT
The Miami-Dade School Board on Wednesday voted 7-2 in support of a $1.2 billion bond to renovate the infrastructure and upgrade the technology of the county's schools.
Prior to placing the issue before the voters, approval by the Florida Department of Education must be secured.
The school board says that approval by the voters of the General Obligation Bond is essential to the district as it seeks a more sustainable solution to its financial capital shortfall.
Money from the bond would go toward upgrading, renovating and replacing facilities, even entire school campuses. The bond would also help add new technology and digital resources to the county's schools.
On Thursday morning, the school board issued a statement saying: "Almost 50 percent of the District's facilities are over 40 years old, and almost one third are over 50 years old. Voter approval of the bond is considered critical in resolving the problem of inequality and safety in our schools."
Miami-Dade County Public Schools has not taken a step like this since 1988 when voters approved a $980 million bond for improvements.
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