May 12, 2011 - In addition to the proposed budget for 2011-12, district residents will be asked to vote on additional propositions on Tuesday, May 17.
Purchase new school buses
District residents will vote to authorize the purchase of four buses – two 30-passenger buses at $44,743 each, and two 66-passenger buses at $114,355 each, for a total cost of $318,196. The new buses will replace older vehicles that have become expensive to repair.
Because of tough economic times, the district has made a conscious effort to replace only a few buses each year to minimize the impact on the local tax levy. Last year, taxpayers approved the purchase of two small and two large school buses, and no buses were purchased in 2009-10.
If approved, approximately 50.5 percent of the $318,196 proposition would be covered by state aid. The cost to local taxpayers would be bonded over five years, with the first payment due during the 2012-13 school year – the first year that the district will begin receiving state aid reimbursement. There would be no effect on the 2011-12 tax levy.
Establish a capital reserve fund
Voters will be asked to authorize the creation of a capital reserve fund to offset the cost of future renovation and construction projects.
If approved, the capital reserve fund will be established for a period of 10 years, and can hold a maximum of $5 million.
The fund will have a zero balance at its inception. Money for the reserve fund may be acquired from end-of-year surplus funds as well as any interest accrued over the fund’s 10-year term. The fund can be used to offset future construction, reconstruction and renovation of district facilities.
Please note that the district is NOT asking voters to immediately place $5 million into this reserve – it is only asking for voters to authorize the creation of the reserve fund.
Having a capital reserve fund will allow the district to complete future capital projects without raising new taxes, since the money would already be placed aside. A separate vote at a later time would still be needed to approve any capital project proposals and withdraw money from the fund.
The district decided to place this proposition onto this year’s ballot based on recommendations from its architects, KG&D. Recently, the architects conducted a five-year building and conditions survey, as required by the state. They identified a number of capital improvement projects needed throughout the district over the next few years. The creation of the capital reserve fund would allow the district to address necessary short-term projects identified as top priorities, based on the architects’ recommendations.
Elect two members to the Board of education
Voters will elect two members to the Board of Education, for three-year terms. The terms will commence on July 1, 2011 and expire on June 30, 2014. The successful candidates will fill the positions currently held by Steve Esposito and Loretta Richner whose terms expire on June 30.
The candidates running for the Board of Education are:
Tom Frederick
Barbara Korycki
Loretta Richner