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Tewksbury Township School District
SHAPING THE FUTURE
VOTE NOVEMBER 4
After decades of shaping the future for students, Tewksbury schools need some work. The 1960s-era design of OTS doesn’t match the ways that the building is used today. Though newer, TES shows the daily struggles that come from heating, ventilation, air conditioning (HVAC) systems that have just about hit their life expectancies. At both schools, exterior doors have suffered from everyday wear and tear.
To address the needs, spread costs over time, and capture about $8.5 million in state financial aid, the Board of Education proposes a plan to fund major improvements by selling bonds. Residents will vote on that plan Tuesday, November 4 as part of the General Election ballot.
A referendum is simply a vote. NJ public school districts must get voter approval to sell bonds, which is a method of borrowing money. This qualifies districts for a special kind of state financial aid, and for Tewksbury that is an $8.5 million advantage.
Bond Referendum Virtual Forum
Tuesday, September 30 at 7 p.m.
Residents will hear directly from school district leaders and professional advisors who led the planning for this referendum. Participants will have the opportunity to ask questions through Zoom’s Q&A feature.
Use this link to join this webinar-style forum.
ACCESS $8.5 MILLION IN STATE AID - ONLY WITH VOTER APPROVAL.
ACCESS $8.5 MILLION IN STATE AID - ONLY WITH VOTER APPROVAL.
Improvements to TES & OTS
Improvements to TES & OTS
Exterior doors
Flooring
HVAC
Question 1 would result in a tax decrease.
Improvements to OTS
Improvements to OTS
Classroom doors
Science labs
Tech (STEAM) Room
Art Room
All Purpose Room
Question 1 can pass on its own. Question 2 cannot pass unless Question 1 passes.
ALL PROJECTS QUALIFY FOR THE MAXIMUM AMOUNT OF STATE AID - MINIMIZING THE TAX IMPACT.
ALL PROJECTS QUALIFY FOR THE MAXIMUM AMOUNT OF STATE AID - MINIMIZING THE TAX IMPACT.
Advantage of Strategic Timing and State Aid
Advantage of Strategic Timing and State Aid
A bond referendum allows the district to qualify for a type of state aid it would not receive otherwise. Tax revenue collected across New Jersey is distributed only to districts with voter-approved bond referenda. This is a "use it or lose it" scenario.
The tax impact is based on the average assessed home in Tewksbury Township ($660,409).
Residents would see a property tax decrease.
Residents would see a property tax increase.
Remember: Question 1 can pass on its own. Question 2 cannot pass unless Question 1 passes.
Benefits of Bond Funding
Benefits of Bond Funding
Get $8.5 million state aid to pay 34% of the costs (rather than fitting them into the annual budget with very little state aid) with voter approval of both questions.
Complete projects in a few years and spread costs over time (like how a homeowner finances a new roof or an addition with a home equity loan).
Stay Informed
Stay Informed
Attend the virtual forum on Tuesday, September 30 at 7 pm via Zoom.
Follow our Facebook page for updates and reminders.
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