MAY 15, 2007
PROPOSITION
#1-PROPOSED BUDGET
RESOLVED, that the
proposed budget of
$37,266,044 for 2007-08 be approved and that the Board of
Education be authorized to purchase four (4) 66-passenger, and one (1) 20 passenger vehicles, and expend therefore
a sum not to exceed $365,000 or so
much thereof as necessary, which shall be raised by tax on the taxable property
of the district, to be collected in annual installments, and to finance all or
part of the cost thereof by bonds or notes issued in accordance with the
Education Law and the Local Finance Law or by an installment purchase contract
in accordance with the General Municipal Law.
What does this
proposition mean? If the voters approve the proposition, the District will be able to raise funds to
spend up to $37,266,044 for the education of our students in the
2007-08 school year.
The proposition would also allow the District to finance $365,000 for the purchase of school buses, to continue with our school bus
replacement schedule.
PROPOSITION
#2—CAPITAL PROJECT
RESOLVED, that the Board of Education
is hereby authorized to undertake certain capital improvements consisting of
reconstruction and renovation of the school buildings, including the
acquisition of original, equipment, furnishings and apparatus required for such
buildings and including incidental site work in connection therewith, and to
expend for such purposes an estimated maximum aggregate sum of $12,268,770; and
that the estimated maximum aggregate sum be raised by the levy of a tax to be
collected in annual installments with such tax to be partially offset by State
building aid available for such purposes; and to appropriate and expend from
the existing building capital reserve fund up to $600,000 for such costs; and
in anticipation of such tax, the debt obligations of the School District be
issued as may be necessary not to exceed such estimated aggregate maximum sum.
What does this
proposition mean? If the voters approve the proposition,
the District will be able to spend up to $12,268,770 to be used to complete
building and maintenance repair needs throughout our buildings and
grounds. Due to the availability of
building aid and State allocated EXCEL aid and the use of reserve funds, this
project would have no impact on tax bills.
PROPOSITION
#3—CAPITAL PROJECT
RESOLVED, that the Board of
Education is hereby authorized to undertake certain capital improvements
consisting of reconstruction and renovation of the Buildings and Grounds
operations building, particularly the acquisition and installation of a new
boiler for such building, and to expend for such purposes an estimated maximum
aggregate sum of $128,855; and that the estimated maximum aggregate sum of
$128,855 be raised by the levy of a tax to be collected in annual installments;
and to appropriate and expend from the existing building capital reserve fund
up to $128,855 for such costs; and in anticipation of such tax, that debt
obligations of the School District be issued as may be necessary not to exceed
such estimated aggregate maximum sum.
What does this
proposition mean? If the voters approve the
proposition, the District will be able to spend up to $128,855 to be used to
replace the boiler in the Buildings and Grounds Department. Because capital reserve funds will be used,
this project would have no impact on tax bills.