Cost-Effective Financial Plan

Cost-Effective Financial Plan

  • Project was approved by voters on May 17, 2022

    How is this investment accomplished?

    Cost Chart

    The project's cost would be funded by a combination of the District's Capital Reserve and serial bonds.  When paying back the bonds over a 15 year period, we will be receiving NY State Building Aid which will pay for the majority of principal and interest payments.  We have retiring debt service starting in 2022-23 which continues to decline over the life of this project.  There will only be four years, from 2028-29 to 2031-32, that the local share will need to be supplemented by available Debt Service Reserve funds to keep the impact on taxpayers' level.  These funds can only be used for this purpose by law. This is a part of our financing plan. There will be no new tax levy increase due to this capital project.

    Pie Chart of Project Scope Breakdown