Post by Chris_Wendt on Dec 19, 2011 14:28:05 GMT -5
Here's a good idea in action over in North Merrick.
This passed by a wide margin, thanks to the N. Merrick school district having had established a capital reserve fund in 2009.
Now they can fund four (4) projects+a contingency buffer totaling $1.2 Million out of that reserve without having to float bonds and pay interest--and--with no impact on next year's taxes--and--no problems with the 2% Tax Cap!
www.liherald.com/stories/Facilities-referendum-passes-in-North-Merrick,37610?content_source=&category_id=&search_filter=11566&event_mode=&event_ts_from=&list_type=&order_by=&order_sort=&content_class=&sub_type=&town_id=
Mentioned here, because Wantagh has a bond issue that will be expiring in the near future, and this would be a good time for the Wantagh school board to start talking about options to consider for the cash flow (debt service budget = tax dollars) now being used to pay down the principal and interest on that bond.
Just saying...
Chris Wendt
This passed by a wide margin, thanks to the N. Merrick school district having had established a capital reserve fund in 2009.
Now they can fund four (4) projects+a contingency buffer totaling $1.2 Million out of that reserve without having to float bonds and pay interest--and--with no impact on next year's taxes--and--no problems with the 2% Tax Cap!
www.liherald.com/stories/Facilities-referendum-passes-in-North-Merrick,37610?content_source=&category_id=&search_filter=11566&event_mode=&event_ts_from=&list_type=&order_by=&order_sort=&content_class=&sub_type=&town_id=
Mentioned here, because Wantagh has a bond issue that will be expiring in the near future, and this would be a good time for the Wantagh school board to start talking about options to consider for the cash flow (debt service budget = tax dollars) now being used to pay down the principal and interest on that bond.
Just saying...
Chris Wendt