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BOE will begin reviewing BOND Committee recommendations

Reviewing BOND Recommendations

ATTENTION ALL RESIDENTS

You are invited to attend a very important Sayville Board of Education Business Meeting at 8 p.m., on September 11, 2014 at the Sayville Administration Building, to hear the discussion about the Bond Advisory’s Committee’s findings.

At this meeting, the Sayville Board of Education and District Administrators will analyze the Bond Advisory’s Committee’s report and determine if, how, and when the district should go forward with these plans and present a proposed Bond Referendum for public vote. At this meeting, the BOE will schedule other venues for further discussion with the public about why we should consider a bond.

The Board of Education will begin reviewing in detail the Bond Committee recommendations at the September 11, 2014 Business Meeting/

The following is a brief synopsis of the Bond Proposal process.

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Considering A Bond:What Was Involved?

On  February 5, 2014 it was announced on the Sayville Schools Facebook page and Website that Sayville School District Administrators had formed an advisory committee from solicited and unsolicited representatives* of the community to begin a discussion about a voter-approved Bond Referendum that would fund energy efficiencies, maintenance items, safety, ADA, parking, and enhancements to update facilities. If the Bond were approved, work would begin in 2016/2017.

A voter-approved Bond Referendum is the most fiscally prudent funding source for capital improvements within school districts, because a Bond:

  • Allows for the re-payment of debt over a period of time.
  • Better aligns the receipt of building aid with the annual debt service payments.
  • Gives the district a building-aid-ratio of 68 cents back on every dollar.
  • Aggressively manages District debt over years to minimize the impact on the tax rate, thus enabling the District to provide for necessary facility upgrades.
  • Offers a window of opportunity to provide for infrastructure upgrades and enhancements with NO impact on the current tax rate levels.

 

(Check out the Sayville Website at http://sayvilleschools.org/district.cfm?subpage=38481  for the introductory information)

The goal of this advisory committee was to review the plan, discuss the recommendations, assign priorities for the improvements, and present these findings to the Sayville School Board of Education for review.

During the first meeting, a presentation explaining the Bond process was given and a Bond Committee Chairperson was appointed to preside over future meetings. At the monthly meetings that followed, this Bond Committee discussed draft after draft of the 2014 Facilities Needs Assessment report to assign priorities  (1 being most important to 4 being least important) of each building’s  needs.

This final Bond Advisory Committee’s Proposal will begin being reviewed by the Board of Education on September 4, 2014.

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* Members of PTAs, Booster Clubs, along with District Administrators, Board of Education trustees, coaches, instructional and noninstructional staff,  local residents, and businesses.