AUBURN - The Auburn Enlarged City School District Long Range Planning Committee got specific on Monday.
For weeks, the board of education committee has floated $14.9 million as the estimated cost of its proposed capital project, of which $3.5 million would be earmarked for renovations at Holland Stadium, including concrete work, lighting, the installation of synthetic turf, enhancing the walking track and additional parking.
During a committee worksession Monday, Bernard P. Donegan, a financial manager with whom the school district contracts, unveiled specific numbers, including the true estimated cost as well as taxpayer contribution.
The overall cost of the capital project slated for the 2009-10 school year, Donegan said, is an all-inclusive $15,680,000, an estimated figure that takes into account interest, state aid, taxpayer contribution and any variables that may incur between now and then.
Donegan said he used conservative numbers in calculating facets of the project, such as interest rates and state aid, as a way to prevent a situation in which the district sees the project costing more than expected and taxpayers getting a spike in taxes.
Currently, the project is 87.6 percent aidable.
On average, taxpayer contributions for the project will be at $322,000 per year, Donegan said.
In comparison to the 2007-08 tax levy of $25,210,090, that amounts to just over a 1 percent increase in the levy.
In laymen's terms, a taxpayer who owns a house assessed at $100,000 and is eligible for the New York State's School Tax Relief Program, a property tax rebate program and a partial property tax exemption from school taxes, will see a tax increase of $13 per year.
A taxpayer at that same house assessed at $100,000 without a STAR rebate will see an increase of $19 per year and a senior citizen at that same property with a STAR rebate will see an increase of $8 per year, Donegan said.
In addition to state aid and taxpayer contribution, the district currently has $350,000 in capital reserves which will be put toward the project.
When it comes to Holland Stadium, installing synthetic turf has been an area of contention. Philip W. Wise, a principal at SWBR Architects, said that, after state aid, local cost for synthetic turf will be $170,000.
Board of Education President David Lansford indicated that there are people interested in donating the local share for the turf.
Staff writer Alyssa Sunkin can be reached at 253-5311 ext. 239 or alyssa.sunkin@lee.net
During a committee worksession Monday, Bernard P. Donegan, a financial manager with whom the school district contracts, unveiled specific numbers, including the true estimated cost as well as taxpayer contribution.
The overall cost of the capital project slated for the 2009-10 school year, Donegan said, is an all-inclusive $15,680,000, an estimated figure that takes into account interest, state aid, taxpayer contribution and any variables that may incur between now and then.
Donegan said he used conservative numbers in calculating facets of the project, such as interest rates and state aid, as a way to prevent a situation in which the district sees the project costing more than expected and taxpayers getting a spike in taxes.
Currently, the project is 87.6 percent aidable.
On average, taxpayer contributions for the project will be at $322,000 per year, Donegan said.
In comparison to the 2007-08 tax levy of $25,210,090, that amounts to just over a 1 percent increase in the levy.
In laymen's terms, a taxpayer who owns a house assessed at $100,000 and is eligible for the New York State's School Tax Relief Program, a property tax rebate program and a partial property tax exemption from school taxes, will see a tax increase of $13 per year.
A taxpayer at that same house assessed at $100,000 without a STAR rebate will see an increase of $19 per year and a senior citizen at that same property with a STAR rebate will see an increase of $8 per year, Donegan said.
In addition to state aid and taxpayer contribution, the district currently has $350,000 in capital reserves which will be put toward the project.
When it comes to Holland Stadium, installing synthetic turf has been an area of contention. Philip W. Wise, a principal at SWBR Architects, said that, after state aid, local cost for synthetic turf will be $170,000.
Board of Education President David Lansford indicated that there are people interested in donating the local share for the turf.
Staff writer Alyssa Sunkin can be reached at 253-5311 ext. 239 or alyssa.sunkin@lee.net
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