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Advisers present three finance scenarios; full plan could require tens of millions in reserves to remain tax‑neutral
Summary
Fiscal advisers outlined three scenarios (≈$58.9M, ≈$31M, ≈$25.4M) and numbers for capital reserves required to keep projects tax‑neutral; advisers warned the full plan would retrigger BAU recalculation and demand significant capital reserves (north of $28M) to avoid tax impact.
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Fiscal adviser Mike Fiscani summarized how building aid units and maximum cost allowances determine state aid and demonstrated three scenarios for the board. He said the largest option — the 20‑classroom addition plus multipurpose space — would total roughly $58.9 million and would likely retrigger a BAU recalculation that the district's advisers cautioned could reduce MCAs across other buildings.
Fiscani explained funding sources the board can use to limit local tax impact, including $3.3 million in capital reserves and about $1.6 million in insurance recoveries from Staley; even so, the largest scenario would require roughly $28.4 million additional capital reserves to be tax‑neutral and would add several million in early years to cover debt service. The smaller scenarios reduce reserve needs but carry trade‑offs (for example, not reconstructing Staley or foregoing classroom additions that generate more building aid back).

