![]() |
news release |
FOR IMMEDIATE RELEASE
CONTACT:
Mike Yaple (myaple@njsba.org)
(609) 278-5202
More than $70 million of Tuesday’s construction will be funded through the
Educational Facilities Construction and Financing Act. Passed in 2000, the act
provides $8.6 billion of state funds for school construction—$6 billion for the special needs,
or Abbott districts, with the remainder funding at least 40% of
state-determined eligible costs in all other districts.
Statewide,
school construction proposals on Tuesday's ballot will be funded by state and
local sources as follows:
Total project costs -
$196,481,538
State grants - $70,736,227
Locally financed bonds - $125,745,311
School boards can schedule bond referendums on five dates a year. The next date occurs in conjunction with the Annual School Election on April 19, when voters also choose school board candidates and vote on the school district’s annual operations budget.
Results of the school construction
proposals from Tuesday’s ballot follow.
*****
Tuesday, March 8, 2005
Expansion and renovations to
$17,649,155 – total cost
$5,606,860 – state grant
$12,042,295 – local bonds
Wallington—Passed
Renovations to the
$6,122,286 – total cost
$2,448,915 – state grant
$3,673,371 – local bonds
Addition to the
$10,200,784 – total cost
$3,439,215 – state grant
$6,761,569 – local bonds
Renovations and additions to the Delran High, Middle and Intermediate schools.
$17,953,218 – total cost
$17,953,218 – local bonds
Lenape Regional —Proposal 1
Passed, Proposals 2 & 3 Defeated
Proposal 1: Renovations to the Lenape,
$89,040,359 – total cost
$32,180,755 – state grant
$56,859,604 – local bonds
Proposal 2 (contingent upon passage of Proposal 1): Install air conditioning in all schools.
$12,218,330 – total cost
$4,246,041 – state grant
$7,972,289 – local bonds
Proposal 3 (contingent upon passage of Proposal 1): Construct a
swimming pool at the
$6,806,684 – total cost
$6,806,684 – local bonds
Bellmawr—Passed
Renovations to the
$821,498 – total cost
$328,600 – state grant
$492,898 – local bonds
Additions and
renovations to Collingswood High and
$33,858,358 – total cost
$13,681,572 – state grant
$20,176,786 – local bonds
Additions and renovations to the Haddon Heights Junior/Senior High School, Atlantic Avenue School, Glenview Avenue School and Seventh Avenue School
$20,970,377 – total cost
$7,401,070 – state grant
$13,569,307 – local bonds
Westville—Passed
Renovations to
$2,565,444 – total cost
$1,436,402 – state grant
$1,129,042 – local bonds
Complete the construction of a new elementary school approved by voters on March 12, 2002; upgrade the school district’s wastewater treatment plant.
$2,900,000 – total cost
$2,900,000 – local bonds
Fair Haven—Both Proposals
Passed
Proposal 1: Expansion and renovations to two schools.
$10,930,874 – total cost
$3,643,877 – state grant
$7,286,997 – local bonds
Proposal 2: Install air conditioning in portions of schools currently without it.
$1,422,403 – total cost
$568,961 – state grant
$853,442 – local bonds
Sussex-Wantage Regional—Defeated
Addition and
renovations to the
$20,000,000 – total cost
$6,821,243 – state grant
$13,178,757 – local bonds
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