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Wappingers board authorizes $2,923,557 in bonds to buy student transportation vehicles
Summary
The Wappingers Central School District Board of Education unanimously approved a resolution authorizing up to $2,923,557 in bonds to fund the purchase of student transportation vehicles, citing voter approval on May 19, 2026 and SEQRA compliance.
The Wappingers Central School District Board of Education unanimously approved a resolution authorizing up to $2,923,557 in bonds to pay the cost of purchasing student transportation vehicles.
Ms. Palmisano moved the measure and Mr. McFarland seconded. The resolution cites compliance with the State Environmental Quality Review Act (SEQRA) as a Type II action and notes a proposition adopted by district voters at the May 19, 2026 annual meeting authorizing the purchase.
The resolution authorizes issuance of bonds for a maximum estimated cost of $2,923,557 and delegates authority to the board president and the district’s chief fiscal officer to determine bond particulars including dates, denominations, maturities and interest payment dates under the Local Finance Law. The resolution also allows the use of bond anticipation notes if needed.
Board members asked no additional questions during the floor discussion, and the motion carried by unanimous voice vote.
The resolution states the district will levy an annual tax on taxable property sufficient to pay principal and interest as the bonds mature and contains standard provisions on contesting validity under the Local Finance Law. Publication of the resolution in the district’s official newspaper was included as an immediate step in the motion.
Next steps: the board’s designated fiscal officers will finalize bond terms and oversee issuance under the authority granted in the adopted resolution.
