08.28.2026 Independent Sales Surtax Oversight Committee (ISSOC) Meeting

The School District of Palm Beach County's Independent Sales Surtax Oversight Committee (ISSOC) met on August 28, 2026, to review the status and financial details of the ongoing and new sales surtax-funded projects. The committee discussed the collection and expenditure of the old sales tax, which has raised $1.58 billion against a projection of $1.35 billion, with over $1 billion spent on facility renewals and construction projects. Interest earnings have exceeded $103 million, contributing to funding without additional borrowing. Significant plan modifications were approved, including reallocations to cover increased costs in facility renewals, construction projects, and transportation infrastructure, notably avoiding $158 million in borrowing by shifting projects back to sales tax funding. The committee also reviewed the new sales tax, which has collected $79.6 million to date, with expenditures primarily directed to charter schools and planned maintenance. Staffing increases were noted to manage the workload of two concurrent referendums. The meeting included detailed discussions on specific projects such as the historic Roosevelt renovation and transportation facility upgrades, emphasizing maintenance priorities like air conditioning and safety. All proposed plan modifications were approved without objection, and the committee anticipates continued updates on project progress and financial adjustments.