Public Presentation Capital Bond November 27, 2017

Transcription

1 Public Presentation Capital Bond November 27, 2017

2 Capital Bond The Board of Education facilities committee working in concert with building administration, central administration, and the district architect weighed both district needs and fiscal responsibility to arrive at a list of necessary projects for a capital bond. 2

3 Quick Facts Bond will address Infrastructure and Instructional Needs with a focus on Health/Safety of students and staff Approximate cost will be $29,900,000 Vote is planned for December 5, 2017 Actual construction would begin summer of 2019 More immediate needs have been or will be addressed through General Fund budget appropriations: High School Electrical Upgrade High School Track Resurfacing Masonry Repairs of Façade at High School Various paving projects throughout the District 3

4 Projects Location Description Est. Cost Middle School Middle School Middle School High School/Middle School Drainage and Erosion Control- Installation of drainage walls at the north side of the building to address the severe erosion, that risks the structural failure of hillside as well as moisture/mold conditions. $ 1,590, MS Main Office Relocation- Move office to existing Science room A102 and Science room to current Main Office. Create greater access for parents and increase safety for students/staff. $ 480, MS Classroom Space- Renovate multi-purpose room to enhance the use for physical education and athletics with bleachers/ wall padding/backboards, and flooring. $ 110, Tennis Courts- Complete replacement of 4 existing courts and proper drainage installation. $ 600, Exterior Football Bleachers- Complete replacement of bleachers with High School/Middle School handicapped accessibility. $ 450, High School/Middle School Stairs to Lower Field (the High School bowl) $ 145, High School/Middle School Auditorium- Reconfigure and upgrade sound booth to the rear of auditorium. $ 125, High School/Middle School Security- Construct new security vestibule by installing secondary doors. $ 59, High School/Middle School Handicapped Accessibility at the High School Track- Installation of a 2-3 car asphalt parking area with a walkway to the bleachers. $ 43,

5 Projects Location Description Est. Cost High School High School HS Classroom Space- Construct new 3 story addition between existing 3 story wing and science wing adding 7-10 classrooms $ 7,648, HS Classroom Space- Construct 1 story instrumental music room and small practice rooms adjacent to AP room and music portable. Once built, existing music portable in parking lot will be demolished. $ 2,257, High School High School High School HS Cafeteria Space- Renovate existing cafeteria and renovate existing kitchen, including expanded kitchen. Addition of air conditioning to student space. Demolish and replace exterior patio wall. $ 2,158, HS Windows- Replacement of windows installed circa 1986 (which is at end of useful life-span), will be replaced in fashion of 1935 style. $ 1,155, HS Interior Alterations- Reconfigure several spaces in building to improve teaching environment. For example, resize classrooms, soundproofing classrooms, modify classroom space for specialized programs $ 225, Elementary Elementary Elementary Additional Classrooms- Construction of 1 additional classroom and 1 additional office, while creating storage with space behind Cafeteria; renovate and create 1 large soundproof music room; create 2 additional ADA toilets; and enlarge cafeteria service line opening. $ 2,471, Elementary HVAC- Install new ventilators to provide fresh air ventilation for the 200 and 300 wings. $ 737,

6 Projects Location Description Est. Cost Elementary Elementary School All Purpose Room / Cafeteria Air-conditioning $ 478, Elementary Security Vestibule - Expand building footprint and install inner security vestibule. $ 210, Athletics Locker Room Renovations - Inequitable facilities currently exist among our male and female student athletes. Renovate Team Locker rooms and build new corridor along exterior wall. Renovate lockers/shower facilities/plumbing/ventilation. $ 1,691, Athletics Sports Lighting- Install stadium lighting at Scraggy Fields $ 1,610, Athletics Synthetic Turf Field (1)- Remove grass from entire oval of existing running track and replaced with turf. Estimated maintenance (not part of cost) is $7,500-$8,000 annually. $ 1,378, Administration Tech Ed Building- Convert to new Central Administration building, keeping existing wrestling room intact. Cost to renovate existing Central Administration building estimated at $4 million. $ 3,688, Administration Administration Building- Vacate and demo building. Create new bus loop that can accommodate the current bus fleet as well as creating a parent drop off in the old bus loop. $ 590,

7 Original Bond Payment Schedule as of 9/1/2017 7

8 New Bond Payment Schedule as of 11/27/2017 8

9 Munistat Phone: (631) Fax: (631) MUNISTAT SERVICES INC. Municipal Finance Advisory Service Website: Serving Municipalities and School Districts in New York State Since Roosevelt Avenue Port Jefferson Station, New York November 27, 2017 Sean Leister Deputy Superintendent Port Jefferson Union Free School District Business Office 550 Scraggy Hill Road Port Jefferson, New York Dear Sean: Re: Port Jefferson Union Free School District, New York $29,900,000 Proposed Capital Project Unfortunately, the last estimated debt service schedule that I provided to you contained an inadvertent inaccuracy pertaining to the state aid amount. The inaccuracy caused the estimated average tax rate to be understated. We apologize for the oversight in the estimated schedule. Very truly yours, Michael J. Loguercio President 9

10 Bond Estimate Changes State Aid Decreases from $915,000 to $453,580 Interest rates decreased based upon recent bond sales from 3.75% to 3.00% Tax rate impact from 7.21 to

11 Tax Calculator Port Jefferson School Tax Estimate Calculator 2016/2017 Assessed Value - Gross (1) 3, Upper Left of Statement Less Exemptions Volunteer Fire/Ambulance (enter as negative value) (2) (373.00) (value) Upper Right of Statement Veterans (enter as negative value) - (value) Upper Right of Statement Senior (enter as negative value) (value) Upper Right of Statement STAR (enter as negative value) (3) (510.00) (value) Upper Right of Statement Other (enter as negative value) (value) Upper Right of Statement 2016/2017 Assessed Value - Adjusted Gross (5) $ 2, Middle Right of Statement 2016/2017 Tax Rate (6) Middle Right of Statement 2016/2017 School Taxes - Gross $ 4, Calculation Star Exemption (enter as negative value) (4) (654.00) (Real Savings) Upper Right of Statement 2016/2017 Net School District TAXES (7) $ 4, Middle Right of Statement Estimated 2017/2018 Tax Rate Estimated 2017/2018 Tax Rate with $29,900,000 Bond /2017 School District Taxes (7) $ 4, Middle Right of Statement Estimated 2017/2018 School District Taxes $ 4, Estimated 2017/2018 School District Taxes w 29.9 Million Bond $ 4, Estimated Annual increase to taxes as a result of Capital Bond (8) $ *This calculator is for estimation purposes only. Port Jefferson School District is not the Assessor of Taxes nor does it represent itself to be. **Actual increases due to the capital bond would not occur until the 2018/2019 school year or possibly 2019/2010 school year. The purpose of the calculation is to estimate the annual individual increase in school taxes as a result from the proposed Capital Bond referendum ***These calculation are based upon current data and are subject to change by the Assesors Office 11

12 Question and Answer How much will this bond cost me? The bond would add approximately 8.56 points to the tax rate. The estimated tax rate is So if the bond was issued in 2017/2018 the tax rate would grow to For a household that pays $4,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $239 For a household that pays $8,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $427 For a household that pays $14,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $826 For a household that pays $20,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $1,185 Exactly how much will it cost me personally for the bond referendum? Check out the updated individual tax payer calculator. 12