Local News in Brief : School Repairs Approved
The financially troubled West Covina Unified School District has received state approval to use proceeds from the sale of two schools to make critical repairs and help retire a $3.3-million debt to the state.
District officials said the approval will allow the district to use $11.5 million in expected proceeds from the sale of Tonopah and El Dorado elementary schools to shore up the district’s budget for years to come. Ordinarily, school sale funds must be used to retire construction bonds and capital improvement debts.
The State Allocations Board, a seven-member body of legislators and government department heads, unanimously approved the district’s waiver request.
The district will receive a $1.6-million installment from the sale of El Dorado in February.
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