Zero Long Term Debt Referendum Overview

ZERO TAX IMPACT

VOTE  ON JANUARY 22, 2019

KEY FACTS

The Warren Township School District is in need of capital improvements to maintain school facilities and provide for the health and safety of students and staff. The District has been methodically saving for such needs through its capital reserve fund for several years. The District will receive approximately 34% of the project costs from the state if the referendum described below receives voter approval.

PROJECTS
COMPLETED

WOODLAND SCHOOL

Partial Building HVAC Upgrade

(Completed Summer 2018)

WITHIN THE REFERENDUM

ANGELO L. TOMASO SCHOOL

Boiler and Pumps Replacement

Partial Building HVAC Upgrade

CENTRAL SCHOOL

Partial Window Replacement

Partial Building HVAC Upgrade

MT. HOREB SCHOOL

Boiler and Pumps Replacement

WARREN MIDDLE SCHOOL

Boiler and Pumps Replacement

Partial Roof Replacement

ZERO TAX IMPACT

VOTE  ON JANUARY 22, 2019

FINANCIAL DATA

Total Anticipated Cost                 $6,500,000

Anticipated State Debt Service Aid -$2,210,000

District Cost (fully funded from district’s Capital Reserve) $4,290,000

With the combination of the District’s capital reserves and this state aid, there would be ZERO TAX IMPACT as a result of this referendum.