Superintendent's Blog: February 1, 2008, Capital Project Vote

On Tuesday, February 5, 2008, the community comes to the school to vote on a capital project valued at $26,200,000.  That’s a great deal of money.  What’s  noteworthy about this amount, however, is that 97.7% is eligible for state aid.  So, in effect, the community will see more than 26 million dollars worth of improvements at a cost to the taxpayers of $600,000.  For the individual homeowners, that translates into $3 for every $100,000 of full market value on their homes.  While we should never minimize any increase in taxes, our facilities would see significant improvement at a low cost.  This is what community members must balance as they make their decision about how to vote on February 5, 2008.

 

Another point to keep in mind is that these infrastructure items must eventually be addressed, some sooner than later.  If they aren’t part of a capital project, they will become line items in future budgets, which could mean a significant increase in taxes in a future budget year.  Roofs and boilers and electrical systems don’t last forever.  This is an opportunity to address these systems at significant savings to the community.

 

Please come out on February 5 and cast your vote. If you would like to comment on this entry or on anything on this web site, please e-mail me at mmurray@minisink.com.