Capital Budget

  • The school system also has a separate Capital Budget that is designated to fund major school construction. This budget is funded by 11 cents from every dollar collected on local option sales taxes in Knox County.

    Schools are built from loans or municipal bonds issued by the county. It’s similar to having a mortgage on a home. Right now revenue for the Capital Budget does not cover the debt on the bonds and KCS annually must supplement this fund from the general purpose budget.