Capital Bond Referendum Information
Bond Passes! We are pleased to announce that the 2015-16 Capital Bond Referendum has been approved by district voters. The tally was 291 yes votes and 91 no votes, including absentee ballots.
The total bond is $17 million for projects that address security, building improvements and grounds enhancements. Approximately 62 percent of the costs will be covered by state building aid, and there will be no additional tax impact on residents.
The district thanks the Deer Park community for its continued support of our schools.
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Frequently Asked Questions
Q. Why is the Board of Education proposing a bond?
A. Building systems and resources have a natural lifespan, and some of our resources have exceeded their anticipated useful life expectancy. The proposed projects address security, building improvements and enhancements to our grounds and bring our buildings into compliance with the Americans with Disabilities Act.
Q. What are the financial facts about the bond?
A. The total cost of the proposed bond is $17 million. The district will be eligible for approximately 62 percent in New York State Building Aid. The district has existing debt that is retiring. The new debt associated with the proposed bond referendum will essentially replace this old debt, resulting in no additional tax impact to residents.
Q. What is the proposed timeline for completion of the project?
A. Planning and design will begin immediately, followed by a state review period after voter approval. We expect construction to begin in the Summer of 2016 and continue for approximately 2 to 3 years, depending on approval of plans by the State Education Department.
Q. Don’t we budget for these improvements?
A. Capital improvements of this scale cannot be included in the operating budget without impacting the tax levy in a significant way. The use of a bond spreads out the cost over a longer period of time, mitigating the annual tax impact and maximizing New York State Building Aid.
Q. Can the district spend more than the amount of an approved bond?
A. No. By law, the district is prohibited from spending above the amount approved by voters.
Q. Where can I get more information?
A. Visit the district's website to learn additional information about the details of the proposed bond.