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School officials ask Egg Harbor Township voters to approve $36M referendum to fund HVAC, classroom projects
Summary
District leaders told the township committee the March 10 referendum would finance $36 million in capital work — including HVAC replacements and classroom expansions — while keeping the debt-service levy steady and capturing roughly $8 million in state aid.
District leaders told the Egg Harbor Township Committee on Monday that a March 10 referendum would let the district complete major facilities work without raising the debt-service tax levy in the near term.
Dan Smith, the district’s business administrator, said the referendum would allow the district to issue bonds and capture about $8,000,000 in state debt-service aid toward a $36,000,000 program that includes HVAC replacements and added classroom space at Fernwood and Miller. “Our current debt service tax levy is about 5,400,000,” Smith said, adding the…
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