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District outlines tax impact of $49.9 million capital project and weighs delaying 9‑period day to lower levy
Summary
Officials told the board the $49.9 million capital project will raise future principal-and-interest by about $1.4 million, keeping the levy at the tax cap (4.47%). Board members discussed cuts totaling roughly $250,000–$500,000 and whether to delay the proposed 9‑period day (estimated $250K–$300K) to reduce the tax impact.
District finance staff and administrators told the Beacon City School District board on March 23 that the proposed $49,900,000 capital project will add about $1.4 million in future principal and interest costs, an increase partially offset by estimated building aid and a small transfer for capitalized interest.
The finance presentation put the levy increase tied to the project at 4.47%, the district’s tax‑cap maximum. "Included in the 26‑27 budget is an increase of $1,400,000 for principal and interest payments in the future to pay for the $49,900,000 project," the presenter stated. The presentation notes…
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