Letter: Westfield Schools Superintendent Addresses Upcoming Referendum
Margaret Dolan says reduction in revenue coincides with increasing enrollment.
On December 11, voters in Westfield will have the opportunity to decide how they want to finance the cost of replacing the majority of outlived roofing on our school buildings. A bond is a mechanism by which state, municipal and school bodies fund large capital expenses. This bond referendum before voters will spread the cost of the roofs over 20 years. Current low bond interest rates make this a favorable time to issue bonds. The tax impact to the average homeowner is estimated at $31 in 2014. Thereafter, the tax impact actually will decrease due to other bonds which will mature and be fully paid. The bond referendum has been reviewed by bond counsel and meets all legal requirements. Roof concerns have been discussed at public Board of …
CK
7:31 am on Monday, December 10, 2012
Reserves are limited by the state to 2%. Half the cost to replace only the high school roof. Please come to the meetings so you know the facts. more ›