DRAFT State Agency Review RIDE reviews and provides recommendation to - PowerPoint PPT Presentation

Coming Together Regionalization Approval Process and Timeline LOCAL approvals Planning Board Creation of Regional School If " Yes " Voter Approval District Planning Board to study Propose Agreement Each community places the feasibility of regionalization Board provides agreement & question before the voters at a Per state law , the planning board must consider recommended regionalization plan special or annual town meeting sixteen items , including : to RIDE for review & consideration or through referendum . will regionalization allow " economies of scale " savings ; will regionalization allow the offering of a more comprehensive program for high school students ; impact on transportation costs ; spending per pupil ; effects of local labor agreements ; facilities condition and needs and more ... 6 months maximum 18 months maximum Local Planning State Approvals Local Approvals DRAFT State Agency Review RIDE reviews and provides recommendation to Council Approval Commissioner With recommendation from RIDE , Commissioner makes recommendation to CESE STATE approvals

Timeline Regionalization Approval Process & Necessity of School Construction Preliminary Timeline General Election/November 2020: Regionalization DRAFT Special Election/2021: Facilities Bond Regionalization Track If " YES " Final Agreement to RIDE Appoint for review and Regional School District Voter Approval for recommendation Planning Board Regionalization Study the feasibility of Council Approval regionalization and make recommendation ( Yes or No ) Summer Winter Spring Sept . Nov . Feb . May Summer / Fall Council Approval 2019 2020 2021 2022 Facilities Master Planning Voter Approval Council for bond Approval projects SBA Stage I SBA Authorization to move Stage II Preliminary forward with Stage II Approval Enabling Legislation For projects that are using Necessity School Construction Track bonds or other forms of indebtedness

Building with Us How to Take Advantage of Rhode Island ' s Historic School Facilities Bond In the "Bonus" Permanent School Safety & Security If 75 % of a project is for the purposes of School Safety & Security , then the project shall receive a 5 % bonus . Rhode Island voters approved a statewide In order to qualify for the increased share ratio for the temporary bonuses , 25 % of the project costs , or a minimum of $ 500 , 000 , must be specifically directed to these purposes . school construction bond on November 6 , 2018 . Commence by 2022 - Complete by 2027 Commence by 2023 - Complete by 2028 The statewide bon d triggered two components : 1 . Established six temporary bonus Replacement Newer & Fewer Health & Safety incentives 2 . Provides $ 250 million in “ pay - as - Projects that address Health Replacement of a facility that Consolidation of two or more you - go ” funding to support has a Facility Condition Index of school buildings ( Newer and and Safety Deficiencies shall approved projects 65 % or higher shall receive a 5 % Fewer ) into one school building receive a 5 % bonus . bonus . shall receive a 5 % bonus . How much pay - as - you - go Educational Decrease Increase funding can I receive ? Enhancements Overcrowding Utilization LEAs will receive 15 percent of their total state share in pay - as - you - go funds from the bond . So , for Projects that address New construction or renovation New construction or renovation example , if you have a $ 100 million Educational Enhancements that decreases overcrowding that increases functional project and have a 61 percent state such as Early Childhood from more than 120 % functional utilization from less than 60 % share ratio , the state will pay Education and Career and utilization to between 85 % and to more than 80 % shall receive $ 61 million . Fifteen percent of Technical Education shall 105 % shall receive a 5 % bonus . a 5 % bonus . $ 61 million - or $ 9 . 15 million - will be receive a 5 % bonus . offered as pay - as - you - go funding .

Building with Us How to Take Advantage of Rhode Island ' s Historic School Facilities Bonus Incentives with Regionalization Example of Financial Impact Reimbursement: Temporary Incentives ( Available for projects commencing by December 2022 ) Local Base Reimbursement 35 % Middletown Newport Regional District $ 100M $ 50M $ 50M Combined Regional Bonus ( K - 12 ) Project Project DRAFT 26 % Projects ( 2 % per grade ) Project eligible for maximum State Share 80 . 5 % State Share 35 % State Share 35 % incentive bonuses 19 . 5 %* Local Share 65 % Local Share 65 % Reg . Share : 19 . 5 % Regional District Maximum 80 . 5 % State = $ 80 . 5M State = $ 17 . 5M State = $ 17 . 5M Eligible Local = $ 19 . 5M Local = $ 32 . 5M Local = $ 32 . 5M Middletown : Newport : Reimbursement: Permanent Incentives $ 9 . 75M $ 9 . 75M ( Available for projects beyond time limited bonuses ) How much pay - as - you - go funding Local Base Reimbursement 35 % would be offered ? Regional Bonus ( K - 12 ) $ 50M ( project ) x 35 % ( base rate ) x 15 % ( pay - go ) 26 % ( 2 % per grade ) Middletown = $ 2 . 6M ( up front ) Project eligible for maximum $ 50M ( project ) x 35 % ( base rate ) x 15 % ( pay - go ) incentive bonuses Newport 5 % = $ 2 . 6M ( up front ) Regional District Maximum 66 % $ 100M ( project ) x 61 %**( base rate ) x 15 % ( pay - go ) Regional Eligible = $ 9 . 15M ( up front ) District * State law caps incentive bonuses ** Incentive bonus rates are applied once projects are complete

Building with Us How to Take Advantage of Rhode Island ' s Historic School Facilities Bonus Incentives with Regionalization The regionalization of Middletown and Newport would result in school construction housing aid reimbursement potentially reaching 80 . 5 % by taking advantage of bonus incentives available through 2022 and then doubling to 61 % permanently ( up to 66 % with bonus ) . Below explains how an increased school housing aid reimbursement rate could be achieved and the financial impact ( including of up front funding available through the $ 250M statewide construction bond ) for each district . DRAFT Example of Financial Impact Reimbursement: Short-term Incentives ( Available for projects commencing by December 2022 ) Middletown Newport Regional District Local Base Reimbursement 35 % $ 100M $ 100M $ 100M Combined Project Project Regional Bonus ( K - 12 ) Projects 26 % ( 2 % per grade ) State Share 35 % State Share 80 . 5 % State Share 35 % Project eligible for maximum Local Share 65 % Reg . Share : 19 . 5 % Local Share 65 % temporary incentive bonuses 19 . 5 %* State = $ 80 . 5M Regional District Maximum 80 . 5 % State = $ 35M State = $ 35M Local = $ 19 . 5 Eligible Local = $ 65M Local = $ 65M Newport : Middletown : $ 9 . 75M $ 9 . 75M Reimbursement: Long-term Incentives ( Available for projects beyond time limited bonuses ) How much pay - as - you - go funding would be offered ? Local Base Reimbursement 35 % $ 100M ( project ) x 35 % ( base rate ) x 15 % ( pay - go ) Middletown Regional Bonus ( K - 12 ) = $ 5 . 25M ( up front ) 26 % ( 2 % per grade ) $ 100M ( project ) x 35 % ( base rate ) x 15 % ( pay - go ) Project eligible for maximum Newport = $ 5 . 25M ( up front ) permanent incentive bonus 5 % Regional District Maximum 66 % $ 100M ( project ) x 61 %**( base rate ) x 15 % ( pay - go ) Regional Eligible = $ 9 . 15M ( up front ) District * State law caps incentive bonuses ** Incentive bonus rates are applied once projects are complete