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East Meadow board outlines bond details, clarifies McVay reserve and facility needs ahead of March 17 vote
Summary
Board leaders and staff clarified bond history, debt schedules and project funding as residents asked about tax impact and McVay Elementary funding; supporters described unsafe locker rooms and other facility needs the bond would address.
A day before a district bond vote, East Meadow Union Free School District officials on March 16 reviewed the history and scope of past and proposed borrowing, clarified where funds currently sit, and described specific facility needs that bond supporters say the measure would address.
Mister Rosner, who introduced the financial background to the board, said the remaining debt on the 2017 bond ‘‘drops off’’ in 2036 and that reduction will lower the average homeowner payment after that date. Rosner said two propositions passed in 2017 (described in the board materials) and that, after adding a turf field item in 2020, the district’s prior bond-related totals have evolved; Rosner emphasized the district ‘‘does not have to borrow…
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