# Oversight board recommends $15 million up front and $6 million a year in county money for the school building plan

## What happened
Board member Jim Bramble moved that the county commit $15 million in cash up front, plus $6 million a year once bond or lease payments begin, toward the school corporation's building plan — using existing tax revenue, with no new or higher tax — and the board passed it 5-0. Board member Carrie Pickens (a "probable" identification per this meeting's speaker roster) said the move would make Vigo County the first county in Indiana to use a new state law letting counties help fund school building plans this way, without a property-tax referendum. The county's financial consultant, Tim Berry, told the board reserves currently run about 100% of annual operating expenditures, and Mark Matheny said the county's own projections never dip below about 49.8% of annual expenditures even after this commitment — well above the 18-to-20% minimum the Government Finance Officers Association recommends — and the board said the recommendation heads next to the county commissioners at a 5 p.m. session the same day.

## The outcome
Passed 5-0 on a roll-call vote.

## Sources
- [Jim Bramble's motion: $15 million up front, $6 million a year, 52:49](https://www.youtube.com/watch?v=bMjykqEy8FA&t=3169)
- [Roll-call vote, passes 5-0, 57:32](https://www.youtube.com/watch?v=bMjykqEy8FA&t=3452)
- ["No new tax" clarified, 47:23](https://www.youtube.com/watch?v=bMjykqEy8FA&t=2843)
- [Carrie Pickens: "first county in Indiana" to use this funding tool, 56:06](https://www.youtube.com/watch?v=bMjykqEy8FA&t=3366)
- [Reserves currently about 100% of annual operating expenditures, 29:03](https://www.youtube.com/watch?v=bMjykqEy8FA&t=1743)
- [Projections stay above 49.8% of annual expenditures, 43:25](https://www.youtube.com/watch?v=bMjykqEy8FA&t=2605)
- [GFOA recommends an 18-20% reserve, 42:43](https://www.youtube.com/watch?v=bMjykqEy8FA&t=2563)
- [Recommendation heads to commissioners at 5 p.m., 16:45](https://www.youtube.com/watch?v=bMjykqEy8FA&t=1005)

*Also known as: Option 6.2 funding · $15 million upfront · $6 million a year · school funding recommendation · Vigo County Oversight Board*