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VOTERS APPROVED THE CRANFORD PUBLIC SCHOOLS JAN. 23, 2024 BOND REFERENDUM! WHAT'S NEXT?
Voters approved the Cranford Public Schools proposal to complete facility upgrades, provide space for full-day kindergarten for all students and update spaces to meet modern standards. These projects will touch every school in the district.
The district administration and Board of Education thank the Cranford community for learning about the referendum and taking the time to vote. We will continue to share updates on the improvements that will ensure Cranford remains a top-rated public school system.
This website is being maintained as the one place for accurate and up-to-date information as construction advances. We will communicate and update the estimated timeline periodically.
LOWER TAX IMPACT FOR ALL CRANFORD RESIDENTS
LOWER TAX IMPACT FOR ALL CRANFORD RESIDENTS
Cranford Public Schools is pleased to announce that the district was able to secure lower rates for bonds than previously projected, meaning that residents will pay less taxes for the projects approved by the community last January in the bond referendum.
Cranford Public Schools is pleased to announce that the district was able to secure lower rates for bonds than previously projected, meaning that residents will pay less taxes for the projects approved by the community last January in the bond referendum.
In June 2024, the district sold the bonds at lower rates than previously projected. Seven public bids indicated interest rates had gone down from the original estimated annual tax impact of $410 for the average assessed home ($186,000) to $383.05 - a decrease of nearly $27 per year.
In June 2024, the district sold the bonds at lower rates than previously projected. Seven public bids indicated interest rates had gone down from the original estimated annual tax impact of $410 for the average assessed home ($186,000) to $383.05 - a decrease of nearly $27 per year.
The district also still has the option in the future to refinance should rates drop even lower.
The district also still has the option in the future to refinance should rates drop even lower.
What is ESIP, and how does it address facility needs without adding more to the referendum proposal?
What is ESIP, and how does it address facility needs without adding more to the referendum proposal?
The Energy Savings Improvement Program (ESIP) allows districts to implement energy-efficient improvements based on the amount of future savings.
ESIP is a budget-neutral financing mechanism that allows retrofitting public facilities with energy conservation measures without having to budget upfront for new capital investment.
ESIP is one example of how the district seeks alternative funding sources outside the local tax base.
Future Middle School Culinary Arts Lab
Future Middle School Culinary Arts Lab
Future Middle School STEAM (Science, Technology, Engineering, Arts, Math) Lab
Future Middle School STEAM (Science, Technology, Engineering, Arts, Math) Lab
Future Kindergarten Classroom
Future Kindergarten Classroom
Future High School Media Center
Future High School Media Center
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