Forming a new school system, as the City Council voted to do Tuesday night, will be costly – but, perhaps, less acrimonious than a similar split by Gulf Shores three years ago.
Tuesday night, will be costly – but, perhaps, less acrimonious than a similar split by Gulf Shores three years ago.
A Baldwin County school system source told FOX10 News that system should receive about $30 million for the assets that Orange Beach will take over. The source also said the Baldwin system should come out ahead on annual expenses as since the loss of pricey Orange Beach real estate will result in more state funding under Alabama’s complicated school funding formula.
State Sen. Chris Elliott , sponsored the legislation in order prevent a perverse incentive for school systems to take on a lot of debt when they build new schools. That’s because the compensation paid by new city school systems often involved assuming the debt on new buildings.
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