The current insurable value of Mason City Schools' buildings, equipment and land is $280 million.  Mason City Schools budgets about $5 million each year in preventive maintenance, repairs, and replacement in order to ensure that learning environments are healthy and safe.  Each year, there are number of projects including pavement repairs, HVAC improvements, and roofing updates.  These investments are paid for from the district's capital budget.

State law makes a distinction between operating funds and capital improvement funds.  Capital funds are used for permanent investments - such as buses, technology, and facility improvements.  This district will need a permanent source of revenue to finance ongoing maintenance as our facilities age.