Knox Board of Education creates new finance corporation

The Knox County Board of Education voted at their July 28 meeting to create a Knox County School District Finance Corporation. The corporation will be made up of the board members themselves and have the officers of the board perform the same duties in the finance corporation. The purpose of the finance corporation is to authorize revenue bonds for the Board of Education. In other words, the same board will serve as two separate entities. This way the board will be able to issue debt for themselves rather than having to ask the city or state. It is through this system that the projects to repair the roofs of the middle school and high school will be funded.

Other topics covered at the meeting:

  • The board approved the funding for several new vehicles, including two new special education school buses equipped with hydraulic wheelchair lifts costing around $94,000 apiece. They are also purchasing two new work vehicles, estimated around $70,000 for both.

    Christopher Gibson is presented a plaque and a replica of the road sigh that will be erected.  Back row from left: Frank Shelton (Director of School and Community Relations), Board Member Peggy Gray, Board Member Charles Merida, Vice Chair Merrill Smith, Board Member Gordon Hinkle, Chair Dexter Smith, Superintendent Kelly Sprinkles. Front, from left: Lisa Gibson, Sara Gibson, Christopher Gibson, Co-Advisor for FBLA Virgena Rhodes.
    Christopher Gibson is presented a plaque and a replica of the road sigh that will be erected.
    Back row from left: Frank Shelton (Director of School and Community Relations), Board Member Peggy Gray, Board Member Charles Merida, Vice Chair Merrill Smith, Board Member Gordon Hinkle, Chair Dexter Smith, Superintendent Kelly Sprinkles.
    Front, from left: Lisa Gibson, Sara Gibson, Christopher Gibson, Co-Advisor for FBLA Virgena Rhodes.
  • The board received an update on the Knox Middle school roof project, which is on schedule for its Aug. 12 deadline.
  • Christopher Gibson, a senior at Knox Central High was recognized by the board for his achievement at FBLA nationals in Chicago. He won first place in word processing, becoming Knox County’s first national champion. In Gibson’s honor, a road sign will be installed near the school.
  • The prices of admission to school events was changed to $5 for adults and $2 for students.