The Champlain Valley School District Board of Directors has committed to putting the district on a path to a sustainable capital funding strategy to minimize costs and stabilize tax impacts. After a period of catching up, the vision is to present district voters with consistent, small investment requests – stewardship bonds – prioritized to eliminate the need for the large construction projects we have seen in the past, and our neighbors are experiencing now. In the short term though, the investment requests will be a bit higher over multiple phases as we clear up deferred maintenance problems.
Embedded Files
On the ballot for Town Meeting Day this year, voters will see an article for a $6 million dollar CVSD Capital Construction Bond. As a consolidated district, residents in all CVSD towns share responsibility for all district facilities; approving and paying for all bonds. The cost of the bond, which will be shared across all CVSD towns, is projected to be $10 per $100,000 of assessed value or $40 per year for a $400,000 house. (before CLA or education property tax reduction)
Please view the links across the top for additional information.
An informational meeting for the bond will be at held at Champlain Valley High School
An informational meeting for the bond will be at held at Champlain Valley High School
in Room 160 at 5PM on Monday March 2, 2020.
in Room 160 at 5PM on Monday March 2, 2020.
The following article will be on the ballot in all CVSD communities
The following article will be on the ballot in all CVSD communities
on Town Meeting Day, March 3, 2020.
on Town Meeting Day, March 3, 2020.
Article IX. BOND Shall general obligation bonds or notes of Champlain Valley School District in an amount not to exceed Six Million Dollars ($6,000,000), subject to reduction from the application of available state and federal grants-in-aid and reserves, be issued for the purpose of financing the cost of making certain public school building improvements, namely:
(1) Charlotte Central School building mechanical, electrical and energy efficiency upgrades ($4,500,000),
(2) Champlain Valley Union High School grounds and building repairs and replacements ($545,000),
(3) Hinesburg Community School grounds and building repairs and upgrades ($395,000),
(4) Shelburne Community School building and grounds repairs and upgrades ($380,000),
(5) Allen Brook School security upgrades ($90,000), and
(6) District-wide stormwater management improvements ($90,000),
the aggregate cost of such improvements estimated to be Six Million Dollars ($6,000,000).
State funds may not be available at the time these projects are otherwise eligible to receive state school construction aid. The District is responsible for all costs incurred in connection with any borrowing done in anticipation of the receipt of school construction aid.
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