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Monroe-Woodbury details $98 million capital program; district says work will not raise taxes
Summary
District and the Palumbo Group briefed the board on the 2023'025 capital program, describing about $98 million in projects funded by a $24 million capital reserve, state building aid and other sources; administrators said an additional $16 million would add air conditioning to three elementary schools without a tax increase.
Patrick Cahill, the district's assistant superintendent for business and management services, told the Monroe-Woodbury Central School District Board of Education on Wednesday that the voter-approved 2023 capital referendum funds a broad program of building work with no immediate tax impact.
"We were able to do that and plan that with no tax impact," Cahill said, summarizing the district's financing plan and noting the role of an established capital reserve.
The presentation by the Palumbo Group, the district's construction manager, described the referendum as authorizing roughly $98,000,000 for dozens of individual projects across schools. Cahill and Palumbo representatives said the district has used about $24,000,000 from a capital reserve and expects to receive substantial state building aid;…
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