Wednesday, October 24, 2012
PLEASE SUPPORT OUR FINNEYTOWN LOCAL SCHOOL DISTRICT! VOTE YES THIS NOVEMBER SO WE CAN MAKE IMPROVEMENTS ON THE BUILDING AND MAKE IT SAFE FOR OUR CHILDREN!
The Finneytown Board of Education, on July 23, 2012, approved placing a15-year 1.98 mill bond issue on the ballot to raise $4.7 million for new construction, improvements, innovations and additions to school facilities and to provide equipment, furnishings and site improvements.
If passed, this bond issue will add $58.77 per year to the tax obligation of a property with a valuation of $100,000. The bond issue is just one part of a larger comprehensive effort to fund all $8.3 million worth of facility improvements identified in the district’s recently updated 6 year capital improvement plan. These improvements cover critical building systems that are essential to protecting and maintaining the community’s investment in
its schools. These improvements will keep our buildings warm, safe, dry and physically inviting to our students. Specific improvements included in the bond issue.
• Critical maintenance and repairs:
Replace failing roofs at Brent, Whitaker, Secondary Campus, and the William R. Swartzel Performing Arts Center; replace aging and inefficient heating, ventilating and air conditioning units and their controls; replace faulty ductwork; repave deteriorating parking lots and driveways.
• Safety and security: Secure, upgrade and replace exterior doors; install electronic controls at all entry ways; install vestibule doors at Brent; possible traffic flow enhancements for Brent and Whitaker.
• Energy savings: Installation of high efficiency lighting, boilers and electronic controls; conversion of the Performing Arts Center from electric to less expensive natural gas for
heating and cooling.
• Learning environment improvements: Electrical power upgrades will support expanded use of technology by students at all sites; improved lighting and interior retrofits will improve the look and feel of classrooms and the Performing Arts Center.
It has been a primary goal of the district to make the district’s Capital Improvement Plan as affordable to taxpayers as possible. While the bonds could be financed over a longer period of time, equal to the expected life of purchased assets, the district has chosen to finance the
project over a shorter 15 year life. The district is saving money with a lower interest rate and total interest payments, in the same way a homeowner can save money by entering into a 15 year mortgage instead of a 30 year mortgage.