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Consultant outlines phased capital plan leveraging state aid and reserves to avoid tax increases
Summary
A consultant told the West Seneca Board on Aug. 12 that phasing capital projects and leveraging a 75.8% state aid ratio could enable roughly $120 million in work without increasing taxpayers’ local share, while urging decisions on pools and reserve strategy.
A consultant reviewing West Seneca’s long-range capital needs told the Board of Education on Aug. 12 that carefully timed, phased projects could deliver roughly $120 million in building work without increasing the district’s current local-share tax burden by taking advantage of state building aid, scheduled debt drop-offs and capital reserves.
Rick Yancey, the presenter, summarized the district’s aid ratio and long-term options: “75.8 percent is your district's ratio. Essentially, what that means is for every eligible dollar spent on a capital project, the state will pick up roughly 75¢ of every dollar,” he said. Yancey explained that New York State building aid ranges from 10% to 98% depending on district wealth and…
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