Although we have done few renovations over the last 40 years, why is the proposed referendum being held now, especially given current economic conditions?
There are several reasons why the Pennsville Board of Education has chosen to move forward with a referendum at this time: q the need for the district to continue to provide a quality education and adequate facilities for Pennsville students, at all grade levels, in a fiscally responsible manner; q the need to address health, safety, and other State-mandated standards; q the opportunity to take advantage of funding assistance in the form of debt service aid from the state under the Educational Facilities Construction and Financing Act; q to fund the project with interest rates near historic lows; q to minimize the possibility of further construction cost escalations as the economy slows; and q to increase the probability of strong participation of qualified bidders.
Related Questions
- Although we have done few renovations over the last 40 years, why is the proposed referendum being held now, especially given current economic conditions?
- Given economic conditions and lower enrollment, we are freezing or cutting our budget. How can we consider Concise Planning at this point?
- Given the current economic conditions, has any thought been given to temporarily dropping fees to help those that are struggling?
