Public Presentation Capital Bond November 27, 2017 - Port ...
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Public Presentation Capital Bond November 27, 2017
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.
2Quick 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
3Projects
Location Description Est. Cost
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
Middle School of hillside as well as moisture/mold conditions. $ 1,590,000.00
MS Main Office Relocation- Move office to existing Science room A102 and
Science room to current Main Office. Create greater access for parents and
Middle School increase safety for students/staff. $ 480,000.00
MS Classroom Space- Renovate multi-purpose room to enhance the use for
physical education and athletics with bleachers/ wall padding/backboards,
Middle School and flooring. $ 110,000.00
Tennis Courts- Complete replacement of 4 existing courts and proper
High School/Middle School drainage installation. $ 600,000.00
Exterior Football Bleachers- Complete replacement of bleachers with
High School/Middle School handicapped accessibility. $ 450,000.00
High School/Middle School Stairs to Lower Field (the High School bowl) $ 145,000.00
High School/Middle School Auditorium- Reconfigure and upgrade sound booth to the rear of auditorium. $ 125,000.00
High School/Middle School Security- Construct new security vestibule by installing secondary doors. $ 59,000.00
Handicapped Accessibility at the High School Track- Installation of a 2-3 car
High School/Middle School asphalt parking area with a walkway to the bleachers. $ 43,000.00
4Projects
Location Description Est. Cost
HS Classroom Space- Construct new 3 story addition between existing 3 story wing and science
High School wing adding 7 -10 classrooms $ 7,648,250.00
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
High School demolished. $ 2,257,500.00
HS Cafeteria Space- Renovate existing cafeteria and renovate existing kitchen, including expanded
High School kitchen. Addition of air conditioning to student space. Demolish and replace exterior patio wall. $ 2,158,615.00
HS Windows- Replacement of windows installed circa 1986 (which is at end of useful life-span), will
High School be replaced in fashion of 1935 style. $ 1,155,385.00
HS Interior Alterations- Reconfigure several spaces in building to improve teaching environment.
For example, resize classrooms, soundproofing classrooms, modify classroom space for specialized
High School programs $ 225,000.00
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
Elementary room; create 2 additional ADA toilets; and enlarge cafeteria service line opening. $ 2,471,250.00
Elementary HVAC- Install new ventilators to provide fresh air ventilation for the 200 and 300
Elementary wings. $ 737,000.00
5Projects
Location Description Est. Cost
Elementary Elementary School All Purpose Room / Cafeteria Air-conditioning $ 478,000.00
Elementary Security Vestibule - Expand building footprint and install inner security vestibule. $ 210,000.00
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.
Athletics Renovate lockers/shower facilities/plumbing/ventilation. $ 1,691,000.00
Athletics Sports Lighting- Install stadium lighting at Scraggy Fields $ 1,610,000.00
Synthetic Turf Field (1)- Remove grass from entire oval of existing running track and replaced with
Athletics turf. Estimated maintenance (not part of cost) is $7,500-$8,000 annually. $ 1,378,000.00
Tech Ed Building- Convert to new Central Administration building, keeping existing wrestling room
Administration intact. Cost to renovate existing Central Administration building estimated at $4 million. $ 3,688,000.00
Administration Building- Vacate and demo building. Create new bus loop that can accommodate
Administration the current bus fleet as well as creating a parent drop off in the old bus loop. $ 590,000.00
6Original Bond Payment Schedule as of 9/1/2017
7New Bond Payment Schedule as of 11/27/2017
8Munistat
Phone: (631) 331-8888
Fax: (631) 331-8834 MUNISTAT SERVICES INC.
Municipal Finance Advisory Service
Website: www.munistat.com
● Serving Municipalities and School Districts in New York State Since 1977 ●
12 Roosevelt Avenue
Port Jefferson Station, New York 11776
November 27, 2017
Sean Leister
Deputy Superintendent
Port Jefferson Union Free School District
Business Office
550 Scraggy Hill Road
Port Jefferson, New York 11777
Re: Port Jefferson Union Free School District, New York
$29,900,000 Proposed Capital Project
Dear Sean:
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
9Bond 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 8.56
10Tax Calculator
Port Jefferson School Tax Estimate Calculator
2016/2017 Assessed Value - Gross (1) 3,725.00 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) $ 2,842.00 Middle Right of Statement
2016/2017 Tax Rate (6) 145.08 Middle Right of Statement
2016/2017 School Taxes - Gross $ 4,863.01 Calculation
Star Exemption (enter as negative value) (4) (654.00) (Real Savings) Upper Right of Statement
2016/2017 Net School District TAXES (7) $ 4,209.01 Middle Right of Statement
Estimated 2017/2018 Tax Rate 148.74
Estimated 2017/2018 Tax Rate with $29,900,000 Bond 157.30
2016/2017 School District Taxes (7) $ 4,209.01 Middle Right of Statement
Estimated 2017/2018 School District Taxes $ 4,220.65
Estimated 2017/2018 School District Taxes w 29.9 Million Bond $ 4,463.93
Estimated Annual increase to taxes as a result of Capital Bond (8) $ 243.28
*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
11Question and Answer
How much will this bond cost me?
The bond would add approximately 8.56 points to the tax rate. The 2017-2018 estimated tax rate is 148.74. So if the bond was issued in 2017/2018
the tax rate would grow to 157.30
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.
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