Small schools to benefit from subfund
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Last updated 5/12/2023 at 8:45am
Cheney Free Press
OLYMPIA – Small school districts will be able to create a depreciation subfund that can receive up to 2% of its general fund moneys each year.
The fund established under Senate Bill 5403, was signed into law Tuesday, May 9, by Gov. Jay Inslee.
Introduced by Sen. Mark Schoesler, R-Ritzville, the new law allows school districts with less than 2,000 students to set aside money for maintenance.
“After introducing it the past three years, it’s good to see this bill finally become law,” Schoesler said.
“It provides another way for school districts to handle building...
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