A capital projects referendum vote for Geneva City Schools will be held on Wednesday, December 16 from Noon to 9 p.m.
The referendum includes three propositions. The first would address issues of classroom space with an expansion of North Street to allow transfer of second grade from West Street. Proposition Two focuses largely on sports and physical education facilities on Carter Road. The third regards a land purchase of less than an acre west of North Street. Together, the projects represent $29-Million in improvements, with no change in the current tax rate because nearly 90-percent of the costs will be assumed by the state according to Stanton Tepfer Chairman of the Finance Committee for the Board of Education.
“The School Board has set aside about three-and-a-half million dollars of our own funds, which will leave a very small amount that the tax-payer will be responsible for, which will not affect their tax rate because as we’re paying off debt from other projects this will just make the difference up from what we’re paying down for other previous projects. So, the key is to have the line item for debt service stay about the same year after year and this will keep it so it won’t have any effect on the tax rate itself.”
Propositions One and Three require a simple majority of the vote. Proposition Two requires approval of Proposition One and a 60-percent supermajority to pass. The referendum vote will be held Wednesday, December 16, noon to 9 p.m. in the North Street School Mini Gym.
