03/23/2023
๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ถ๐ฏ๐น๐ฒ, ๐๐ณ๐ณ๐ถ๐ฐ๐ถ๐ฒ๐ป๐ ๐ฎ๐ป๐ฑ ๐ก๐ฒ๐ฐ๐ฒ๐๐๐ฎ๐ฟ๐: Bonds up to $140 million will be issued in batches over 5 years so the taxes collected for the annual debt repayment remains level, which means $0 tax increase for the school districtโs portion of property taxes collected.
๐ง๐ต๐ฒ ๐ฑ๐ถ๐๐๐ฟ๐ถ๐ฐ๐ ๐ฝ๐ฟ๐ผ๐ฝ๐ผ๐๐ฒ๐ฑ ๐๐ต๐ฎ๐ ๐ฟ๐ฒ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ฑ๐๐บ ๐พ๐๐ฒ๐๐๐ถ๐ผ๐ป in November 2022 and again on April 4th ๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ผ๐ป ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐ณ๐ฒ๐ฒ๐ฑ๐ฏ๐ฎ๐ฐ๐ธ.
๐ง๐ต๐ฒ ๐ฑ๐ถ๐๐๐ฟ๐ถ๐ฐ๐ ๐ฑ๐ถ๐ฑ ๐ฎ๐ป ๐ฎ๐บ๐ฎ๐๐ถ๐ป๐ด ๐ท๐ผ๐ฏ ๐๐ต๐ผ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ป๐ฒ๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐ถ๐๐ ๐ญ๐ฑ ๐๐ฒ๐ฎ๐ฟ ๐ ๐ฎ๐๐๐ฒ๐ฟ ๐๐ฎ๐ฐ๐ถ๐น๐ถ๐๐ถ๐ฒ๐ ๐ฃ๐น๐ฎ๐ป 2023-2038, which would be funded when the referendum passes.
For example, the district deferred important maintenance capital projects during the Great Recession to avoid laying off 100 teachers and recently re-established its financial strength.
๐๐ฎ๐ฐ๐ธ๐ด๐ฟ๐ผ๐๐ป๐ฑ ๐ฎ๐ป๐ฑ ๐๐ผ๐ป๐๐ฒ๐
๐
๐ฎ๐ฌ๐ฌ๐ด-๐ฃ๐ฟ๐ฒ๐๐ฒ๐ป๐. 10-12 years of improving its financial strength since the Great Recession.
๐ฎ๐ฌ๐ญ๐ณ-๐ฎ๐ฌ๐ฎ๐ญ. 4 years of compiling, analyzing and reviewing 100โs of data points and critical factors like educational, financial, functional, environmental, operational, safety and security compared to current operations.
๐ฎ๐ฌ๐ฎ๐ฎ. 1 year of surveying and listening to residents then made the recommendation based on community feedback to propose the referendum question in Nov and again on April 4, 2023.
๐๐ถ๐๐๐ผ๐ฟ๐
The last successful referendum was in 2007, which makes this the longest timespan without major construction or renovation of Batavia schools since 1995.
๐ฆ๐ผ๐๐ฟ๐ฐ๐ฒ: www.bps101.net/referendum
The Board of Education is seeking permission from voters to issue up to $140 million in school construction and renovation bonds on the April 4, 2023, ballot.