Residents will be asked to vote on a capital
Significant improvements can be made while literally
building upon the strengths of Schoharie High School to ensure that
students are prepared for college, career and a promising future.
result, Schoharie Central School District will ask district residents to
vote on a $19,875,000 capital project proposition during the same time that they
vote on the proposed 2017-18 school budget. More than 83 percent of the
project cost would be covered by state aid.
The proposed capital project will appear as a proposition on the ballot separate from the
proposed school budget.
The vote will take place on May 16, 2017, from 9 a.m.
to 9 p.m. in the high school library lobby.
A capital project must be approved by local
residents before it can be submitted to the state for approval.
Residents will also vote on May 16 on a proposition
to establish a Capital Project Reserve Fund to cover the local cost of
the capital project. The Capital Reserve Fund would be drawn from the
district’s available fund balance, at an amount not to exceed $2.5
Why a capital project?
Capital projects enable a school district to invest in its
facilities with significantly less financial pressure than if such costs
are included in regular school budgets. Under a capital project, a majority of the
building repairs, renovations and upgrades are covered by state building aid, with the
district reimbursed for allowable costs.
A capital project also can be less expensive over
time than spending periodically to make repairs: Without a comprehensive
capital project, it is estimated that SCS will have to spend at least $5
million every five years just to keep its facilities meeting minimal
standards for safety and operation.
In addition to addressing
immediate building and campus concerns, capital projects are used to
prevent future, often more costly repairs and construction and to save
money through improved energy and operational efficiencies.
By funding much-needed repairs and improvements in a
fiscally responsible manner, capital projects ensure that buildings
continue to serve a community's children well into the future by
providing a better learning environment, increasing operational
efficiencies, and maintain safe and healthy facilities.
[Dec. 2016; updated 2/2017]