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VOTE TUESDAY, MARCH 10
A bond referendum continues our district’s strategy of making thoughtful financial decisions that are based on research and careful planning.
The referendum addresses the highest priority infrastructure and facility improvements in the district in a fiscally responsible way.
Bond funding would allow the district to address the needs quickly by gaining upfront funding and efficiently by capturing state aid to offset the project costs.
If voters approve the referendum, payments on this 20-year investment would begin in August 2027.
MAXIMIZING STATE AID - VOTER APPROVAL
MAXIMIZING STATE AID - VOTER APPROVAL
OF BOTH QUESTIONS
OF BOTH QUESTIONS
Improvements - $138,412,468 State Aid - $28,100,991
Improvements - $138,412,468 State Aid - $28,100,991
WHAT'S THE TAX IMPACT?
WHAT'S THE TAX IMPACT?
QUESTION 1
QUESTION 1
Critical Infrastructure & Efficiency Upgrades to All Buildings
Improvements - $75,810,263
Improvements - $75,810,263
State Aid - $25,077,289
State Aid - $25,077,289
If voters approve Question 1, residents would see a $26 per month / $313 per year increase in school debt tax for a home assessed at the Mahwah average of $481,238.
QUESTION 2*
QUESTION 2*
Create Consistency Among Elementary Schools, Improve the T-Bird & Community Experience
Improvements - $62,602,205
Improvements - $62,602,205
State Aid - $3,023,702
State Aid - $3,023,702
If voters approve Question 2, residents would see an additional $31 per month / $368 per year increase in school debt tax for a home assessed at the Mahwah average of $481,238.
* REMINDER: QUESTION 2 CANNOT PASS UNLESS QUESTION 1 ALSO PASSES
* REMINDER: QUESTION 2 CANNOT PASS UNLESS QUESTION 1 ALSO PASSES
ASSESSED VALUE
ASSESSED VALUE
Assessed value is different than market value. The market value is a home’s potential sale price, while assessed value – typically a lower figure – is used to determine tax bills.
Assessed value is different than market value. The market value is a home’s potential sale price, while assessed value – typically a lower figure – is used to determine tax bills.
FIND YOUR ASSESSED VALUE
FIND YOUR ASSESSED VALUE
Use this website to find your home’s assessed value, then use the charts below to find your estimated tax impact.
Since 2018, more than $20 million worth of facilities updates have been made across the district.
Since 2018, more than $20 million worth of facilities updates have been made across the district.
A referendum would give the district upfront funding to complete major improvements all at once plus state aid to offset project costs and allow the costs to be spread out over time.
WHAT OTHER FUNDING SOURCES HAS THE DISTRICT EXPLORED?
WHAT OTHER FUNDING SOURCES HAS THE DISTRICT EXPLORED?
Over the past eight years, the district has completed many projects funded outside the regular operating budget - including through grant programs and the capital reserve - to enhance the student experience. The T3 building that houses STEAM classes was constructed with funds from the operating budget in 2018.
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