From The Tribune staff reports
MONTGOMERY — The Alabama Public School and College Authority on Thursday issued a $1.25 billion bond that will drop millions of dollars into local K-12 school systems for capital improvements. The money must be used for construction projects or repairs on existing buildings.
There is a $400,000 base amount for each school system and the remainder of the total is derived from a formula based on the current enrollment. School systems in the Tribune coverage area will receive over $61 million, according to the list released by the authority.
Leeds City Schools $2,638,608.39
Trussville City Schools $5,957,053.54
Jefferson County Schools $42,777,112.22
St. Clair County Schools $11,393,065.26
According to Alabama Daily News, Alabama’s four-year universities will receive a combined $217.8 million and the Alabama Community College System will receive $120 million.