Alba: Commit to Smithfield school facility improvements valleybreeze.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from valleybreeze.com Daily Mail and Mail on Sunday newspapers.
SMITHFIELD – The Smithfield School Committee is looking to create a capital improvement fund for maintaining and improving school buildings, a move Supt. Judy Paolucci said would lessen the need to borrow bond funds in the future.
During a School Committee meeting on Monday, April 26, Paolucci gave an example of a three-part investment plan that would allow the department to consistently grow a capital improvement fund while spending money on capital projects. The town, she said, would need to be on board for the plan to work.
Paolucci said the district could first invest a portion, 3.5 percent for example, of the fund balance from the operating budget.