Md. House to vote on funding measure for schools
Posted: 9:04 am Fri, March 22, 2013
ANNAPOLIS — The Maryland House of Delegates is expected to vote on a major funding plan to build new schools in Baltimore and renovate others.
A final vote on the measure is scheduled for Friday.
If passed, the plan would allow the city to issue about $1 billion in bonds to build as many as 15 new schools and renovate up to 40. The bonds would be made possible by funding from the state, the city and the city school system. They would contribute $20 million a year each for 30 years.
State money would come from the lottery beginning in fiscal year 2015. The city money would come from a bottle tax and gambling revenue, as well as retiree health savings.
The city’s schools are the oldest in Maryland on average.
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