What happens if the referendum fails?
• The District has the ability to borrow up to $70 million dollars for the high school project without voter approval. (This was passed by the Board before Act One legislation). They may initiate a renovation project with this amount and/or could schedule a second Special Election 6 months after this one (which would be September or later). The referendum question could be the same or a new option could be put before the voters. The problem with this scenario is that every month construction costs are escalating at a rate of about 1% so for a $119 million dollar project this is approx $6 million dollars more if we wait 6 months.
