During the recent Board of Education meeting held on July 1, 2025, significant financial decisions were made regarding the district's upcoming capital projects. The board discussed a proposed scope of work that would require an additional $17.9 million in funding. This investment aims to enhance facilities, including the potential addition of volleyball drop-in sessions at various locations.
Maggie, the financial officer, outlined that approximately 84% of this funding would be eligible for state aid, alleviating some financial burden on local taxpayers. However, the remaining costs would necessitate a tax increase to support the project. The board anticipates that the average local share would amount to around $620,000 annually, translating to a 1.1% increase in the tax levy. For an average household assessed at $250,000, this would result in an estimated $28 increase in their tax bill.
The board emphasized that this tax increase is separate from operational costs and would allow for a one-time adjustment in the tax cap, potentially enabling the district to exceed the usual limits. This financial strategy is designed to ensure that the district can meet its capital needs without compromising educational services.
As the project progresses, the board will continue to monitor financial implications and community impact, ensuring that stakeholders are informed and engaged in the decision-making process. The anticipated debt service payments will begin in the 2027-2028 school year, marking a pivotal moment for the district as it seeks to enhance its facilities and services for students and families.