VOTE Tuesday, November 4
TAX NEUTRAL
TAX NEUTRAL
Please use these timestamps to find a specific segment of the presentation:
Welcome (Mr. Ted Pugliese, Superintendent): 00:00 – 2:27
Referendum Video (Shows areas targeted for improvements): 2:28-5:41
Panelist Introductions (Mr. Ted Pugliese): 5:42-7:43
Project Overview (Ms. Linda Viventi & Mr. Drew Dingler, District Architects: 7:44-23:46
Details about the State Requirements for Bathrooms: 23:47-26:09
Details about the Preschool Program (Ms. Wendy Atkinson, Preschool Instructional Coach): 26:10-31:34
District Budget & Project Funding (Mr. Mark Leung, School Business Administrator): 31:35-41:38
Why a Bond Referendum (Ms. Liesel Pajarillo, Bond Counsel): 41:39-44:19
Tax Neutral Funding Strategy (Ms. Sherry Tracey, Financial Advisor): 44:21-48:24
How to Vote (Mr. Ted Pugliese): 48:25-51:03
Questions: 51:04-1:05:40
Closing: 1:05:41
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Learn the details of the referendum in about three minutes!
This video shows the areas targeted for improvements and explains the Tax Neutral funding strategy.
WHEN: 6 p.m. on Wednesday, October 1
WHERE: Jordan Road School
WHAT: Attendees will hear a presentation about the proposed projects and funding strategy and there will be time for questions and answers.
WHEN: 7 p.m. on Tuesday, October 28
WHERE: Zoom
WHAT: Community members can learn more about the referendum from anywhere! Participants will hear a presentation about the proposed projects and funding strategy and then have the opportunity to ask questions of the panelists.
The session will be recorded and posted on the referendum website for those who are unable to join the live session.
Somers Point School District has provided the educational foundation for generations of children in the community since 1914.
To continue carrying out this important mission for generations to come, the district must make key improvements to the buildings. On Tuesday, November 4, the district will hold a bond referendum to fund these major projects.
Voter approval would:
Provide upfront funds for large, long-lasting facilities improvements, similar to how a homeowner uses a home equity loan for improvements like replacing a roof, installing new windows, etc.
Secure $1.9 million in state aid toward the projects
Allow $5.6 million in improvements to be completed with NO TAX INCREASE
Every building is included in the TAX NEUTRAL referendum, which would:
Increase Security, Accessibility
Enhance Efficiency, Update Buildings
Expand Preschool to Keep Valuable State Funding
Voter approval secures state aid with NO tax increase
Payments from a previous referendum are ending where payments on a new referendum would begin
With the help of state aid, the district can finance the facilities improvements and continue to make payments at the same level as the one that will be paid off, with no tax increase.