Address current and projected enrollment/capacity needs:
Alterations, Renovations and Upgrades to existing schools
Fairmount ES $ 2,288,997
Fanny M. Hillers ES $ 2,356,875
Jackson Avenue ES $ 2,214,834
Nellie K. Parker ES $ 2,601,990
Hackensack MS $ 3,079,650
Hackensack HS $ 2,039,483
High School Fields $ 3,000,000
Total Alterations: $17,581,829
Fairmount ES $ 2,798,535
Fanny M. Hillers ES $ 1,930,079
Jackson Avenue ES $ 895,613
Nellie K. Parker ES $ 1,027,346
Hackensack MS $ 4,762,220
Hackensack HS $ 5,983,370
Total Renovations: $17,397,163
Fairmount ES $ 5,329,931
Fanny M. Hillers ES $ 5,089,593
Nellie K. Parker ES $ 3,541,723
Hackensack MS $ 8,626,540
Hackensack HS $10,764,948
Total Renovations: $33,352,735
*Note: Jackson Avenue School currently has the most up-to-date heating and cooling system, and therefore HVAC upgrades are not as extensive/costly as other schools.
The total estimated cost for construction of district-wide upgrades including new construction, renovations, alterations, and heating/cooling upgrades is $169,904,226.
New Construction (new 7-9 School) $101,572,500
Alterations $ 17,581,829
Renovations $ 17,397,163
HVAC Upgrades $ 33,352,735
Total: $169,904,226
The District will receive State aid to off-set a percentage of the costs of the project. The breakdown of the State aid the District will receive is as follows:
The approved State aid for the new construction came in at 14%, or double the amount expected, while the maximum of 40% was received for alterations and HVAC upgrades. Aid for renovations came in slightly under 40% due to inclusion of the high school field house in this category, which is not eligible for funding, according to State guidelines.
Overall, State aid will off-set the cost of the total project by 24.36%, or $41,388,670.
Based on the average assessed home value of $245,431, the proposed bond referendum translates into an average tax impact of $308.66 per year, or less than $1 a day.