Spring 2022 Capital Project
On May 17, 2022, Schodack Central School District will hold a public vote for registered district residents to consider the approval of a proposed capital project (referred to hereafter as the 2022 Capital Project) budgeted at $8,764,559.
If voters approve the 2022 Capital Project, that money would be used for necessary maintenance, renovations and improvements at all three primary district sites.
The district currently has a unique funding opportunity to pay for this proposed project. Using the funding sources outlined below, approval of the 2022 Capital Project is expected to have no additional impact on the district taxpayer.
Voting for the 2022 Capital Project
Public voting for the 2022 Capital Project, the 2022-23 Budget and the board candidates will take place on Tuesday, May 17 from 6:00 AM – 9:00 PM in the Maple Hill Jr./Sr. High School Gym (1216 Maple Hill Road).
Where Will the Money for the Project Come From?
The $8,764,559 up for voter approval would come from three separate funding sources.
- Retiring Debt – $6,300,000
- A bulk of the money would be available because the district has a current amount of debt that is about to retire/end. That amount of debt was already approved in a previous public vote. This means a “debt service” (the amount of money needed to repay interest and principal on a debt for a particular period) was created by a previous tax increase to cover the district’s soon to be retired current debt. Since that debt service money already exists, when the district borrows $6,300,000 from the bank for this new project, no new debt service will need to be created. This is an opportunity for school districts to strategically plan improvement work with minimal to no tax impact. Schodack will not have retiring debt to use for similar opportunities again until 2034.
- Capital Reserve Fund – $893,795
- $893,795 would come from a previously voter-approved district capital reserve fund. Taxpayers approved the creation of this fund in a 2015 public vote. Reserve funds are a place for districts to set aside savings at the end of the school year to help finance important facilities work like the ones in this proposed project. The district already has the $893,795 in a capital reserve fund but it must be approved by voters for use in this project.
- Fund Balance – $1,570,764
- $1,570,764 would come from a fund balance, money that the district set aside in anticipation of cuts to New York State school aid money due to the pandemic. Ultimately those aid cuts did not occur and the district did not need to use this money to preserve student programs and services. Now the district would like voter permission for investing in the long-term integrity of its facilities for both current and future students.
What Will Be Included In This Project?
Voter approval of the 2022 Capital Project would include repairs, renovations and improvements at all three primary district sites.
If the 2022 Capital Project is approved, examples of improvements in the district would include but not be limited to:
Castleton Elementary School
Installing Air Conditioning in Multiple Learning Spaces
Red areas are where air conditioning would be added.
New Outdoor Lighting at the Front Entrance the School
Lighting will be added to improve safety and security. Highlighted area will have additional lighting.
25 New Parking Spaces in the Parking Lot
The expanded parking lot behind the school will reduce parking on streets and lawns. The highlighted area is where the parking lot will be expanded.
Maple Hill Jr./Sr. High School
Renovating and Modernizing the Technology Suite
The Technology Suite Classrooms need renovations and updates to better meet modern student needs.
Installing Air Conditioning in Multiple classrooms and Spaces
Red areas are where air conditioning would be added.
Parking Lot and Tennis Court Replacement
The aging parking lot presents safety and maintenance concerns. The tennis courts are no longer serviceable and therefore no longer usable by Maple Hill teams.
District Office and Bus Garage
Replacement of Sidewalks and Exterior Stairs at District Office
Aging sidewalks and exterior stairs present safety & maintenance issues.
Replacing Folding Gym Partition
The aging partition would be replaced with an easier and safer to use divider curtain.
Replacing Fueling Island and Garage Doors at Bus Garage
The fuel station island and garage doors at the Bus Garage have outlived their useful life.
Public Presentation Materials
Maple Hill Gym Roof Repair & Creation of Capital Reserve Fund – December 2021
Update (December 14, 2021):
On Tuesday, December 14, voters of the Schodack Central School District approved two propositions up for their consideration.
- Proposition 1 Passed by a Vote of 192 (Yes) to 10 (No): Use $350,000 of 2015 Capital Reserve Funds for Maple Hill Gym Roof Repairs
- Proposition 2 Passed by a Vote of 176 (Yes) to 25 (No): Permission to Create 2022 Capital Reserve Fund
“We are grateful to all the Schodack CSD community members who came out today and exercised their right to vote on these important propositions,” Superintendent Jason Chevrier said.
End of Update
On December 14, 2021, Schodack Central School District will hold a public vote for registered district residents to consider approval of the following. Approval of these two propositions would come at no additional cost to the taxpayer.
- Proposition 1: Permission to use $350,000 the district already has remaining in its 2015 Capital Reserve Fund for vital repairs and updates to the Maple Hill Jr/Sr High School Gym Roof
- Proposition 2: Permission for the district to create a new Capital Reserve Fund (referred to below as “2022 Capital Reserve Fund”)
Public voting for these two propositions will take place on December 14, 2021, from 6:00 AM – 8:00 PM in the Maple Hill Gym (1216 Maple Hill Road).
Proposition 1: Permission to Use $350,000 of 2015 Capital Reserve Funds for Gym Roof Repairs
WHAT: In 2015, Schodack voters authorized the district to create a Capital Reserve Fund. The district asks to use $350,000 from the 2015 Fund to pay for vital repairs and updates to the Maple Hill High School Gym Roof. The district already has the $350,000 in the 2015 Fund, so voter approval would come at no additional cost to district taxpayers nor would it further raise their taxes.
WHY: The roof is over 20 years old and has exceeded its useful life. It is important it is replaced as soon as possible since large areas of the existing fully-adhered rubber roof have already delaminated from the structure. Currently, the district has stabilized the roof with concrete pavers as ballast but this is not an ideal long-term solution.
WHEN: Having the public vote in December 2021 is critical to finishing work on the roof before Winter 2022-23. Voter approval in December factors in enough time for:
- The required NYS Education Dept. project permissions
- Enough time to accommodate an almost certain delay of raw materials due to supply chain issues affecting the construction industry.
Proposition 2: Permission to Create 2022 Capital Reserve Fund
WHAT IS A CAPITAL RESERVE FUND? Capital reserve funds are a place for districts to set aside savings at the end of the school year and help finance future repairs, maintenance and improvements. Creating any capital reserve fund requires authorization by a majority of district voters. They must approve the purpose of the fund, the ultimate amount that can go in it and its likely term. As with asking for voter approval to use money from the 2015 Fund for the gym roof, any future spending from the 2022 Fund must also be authorized by the voters.
WHY IS CREATING THE FUND IMPORTANT? By using money in the 2022 Fund to help pay for future projects, the district would reduce the amount of money it needs to borrow from NYS. Borrowing less money would reduce future impacts on voter taxes and reduce spending on interest payments of borrowed money. In these still uncertain times, the district believes it is in the best interest of both its students and taxpayers to establish the 2022 Fund.
HOW MUCH MONEY CAN BE SET ASIDE FOR THE FUND? The district could set aside up to $4 million in the fund over the next 10 years (the lifespan of the fund). If that amount is reached in that time, no more money could go into it.
WHERE WOULD THE MONEY FOR THE FUND COME FROM? Each school year the district makes a proposed budget that is an estimate of costs for the following school year. If budgeted spending is less than expected in a given school year, the surplus savings can be placed in the fund.
Currently, the district has more budget savings than in prior years due to a significant lack of spending in the 2020-2021 school year as a result of:
- Less spending on activities. There were very few in 20-21 due to COVID-19 precautions.
- Less spending in anticipation of cuts to NYS School Aid in the 20-21. These cuts ultimately did not occur but the district was cautious with its spending in the event they did.
Public Presentation Materials
- Maple Hill Gym Roof Repair Presentation (Presented at the board meeting on October 21, 2021)