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Board hears bond-counsel briefing on possible referendum to fund HVAC work; timing makes September unlikely
Summary
Bond counsel and district officials outlined options for financing remaining elementary HVAC projects, including a referendum that could secure state debt-service aid; the board discussed timing and next steps but took no formal vote.
Bond counsel Tony Salmini briefed the Marlboro Township Board of Education on financing options for remaining HVAC projects at Asher and Robertsville elementary schools, explaining how a local bond referendum could make the district eligible for state debt-service aid that would reduce net local cost.
Why it matters: the board and administration are weighing whether to seek voter approval to borrow for remaining HVAC work. If approved and awarded, the state can cover a portion of debt service (theoretical maximum 40%, but practice in recent years has averaged about 34%), which could lower the district's local share compared with paying directly…
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