Ga Garde rden n Cit City y Public Public Scho Schools ols - - PowerPoint PPT Presentation

Ga Garde rden n Cit City y Public Public Scho Schools

• ls

2009 2009 Sc School hool In Investmen estment t Bond Bond

Garden City Public Schools 2009 School Investment Bond 2

Reaching out to all voters

 What: $36.5 million referendum  When: Tuesday, October 27  Where: Garden City High School  Why: All nine district buildings are in

need of significant repair, modernization and/or restoration; Homestead, Garden City Middle School and Garden City High School require additional instructional space

Garden City Public Schools 2009 School Investment Bond 3

What will the bond accomplish?



The projects proposed in the bond are based

• n a comprehensive needs analysis



Improvements will enable the district to meet basic safety and code requirements



Improvements will help maintain Garden City’s tradition of excellence



Improvements will provide access for all students and community members



Improved facilities are a resource for the entire community

Garden City Public Schools 2009 School Investment Bond 4

What are the bond’s educational benefits?

 Reclaim and repurpose learning space and make

• ptimal use of instructional time

 Protect Garden City’s tradition of educational

excellence by modernizing existing space and expanding facilities at Homestead, the Middle school and the High School

 Provide appropriate learning environments for

students with special needs receiving support services

 Create opportunities for 21st century learning  Maintain small class sizes, middle school teaming

and continuum of services in special education

Garden City Public Schools 2009 School Investment Bond 5

How were projects identified?

• In the past four years, the District conducted two

comprehensive analyses of its facilities, as well as two demographic studies

• In the 2007-08 school year, the Board of

Education established the ad hoc Committee on Facilities “to review the facilities needs…and make recommendations to the Board regarding the condition of the physical plant and improvements required to address the district’s educational programs and demographic trends.”

How were projects identified?

 After extensive discussion and review, the

Facilities Committee recommended a conservative list of projects that addresses

• nly the most pressing needs

 Several major energy-related projects will

be addressed through an Energy Performance Contract (EPC) at no additional cost to the taxpayers

Garden City Public Schools 2009 School Investment Bond 6

Facilities Committee

 James Carney  Peter Clarke  John DeMaro  Evelyn Fasano  Tina Halvatzis  Frank Ruggiero  Susan Lee  Patrick Mehr  Dave Perrotta  Jean Ricotta  Al Chase, Chair

Garden City Public Schools 2009 School Investment Bond 7

 Angela Heineman--Board of Education liaison  BBS Architects & Engineers—District architect

What problems will the bond address?

 Masonry  Windows  Grading  High School roof  Interior and exterior door deterioration  Lack of accessibility for people with disabilities  Stairways and landings  Middle School locker rooms (will be relocated to

first floor)

 Middle School: hallway traffic congestion and

parking and pick-up/drop-off for students

Garden City Public Schools 2009 School Investment Bond 8

Water damage

What problems will the bond address?

Garden City Public Schools 2009 School Investment Bond 9

 Deficient/outdated spaces for educational

programs and community events

 High School music programs  Undersized rooms for support services for

students in special programs

 Middle School north gym  Homestead music/art/physical education  Warren King Field bleachers

What problems will the bond address?

 Heating and ventilation

 Equipment well beyond useful service

life--Results in increased maintenance, low efficiency and higher utility bills

 Reduced temperature control and air

quality

 Low reliability—parts may be

unavailable

Garden City Public Schools 2009 School Investment Bond 10

Why do we need a bond?

School districts have limited means

through which to address major capital projects

The scope of the projects is too vast to

be addressed through the annual district budget

Action is needed to prevent further

deterioration and higher costs in the future

Garden City Public Schools 2009 School Investment Bond 11

Why do we need a bond?

 A bond reduces the threat of tax spikes required

to pay for extensive renovation/repair projects in a single year

 A bond spreads the cost of long-lasting capital

improvements over a number of years, rather than placing the funding burden solely on current taxpayers

 The district can benefit from the current difficult

economic climate because interest rates are low and many contractors are seeking work

Garden City Public Schools 2009 School Investment Bond 12

Why do we need a bond?

 It is not unusual for school districts to bond every 10-15

years

 Manhasset: 1995--$21.5 million; 2007--$19 million  Seaford: 1993--$10.8 million; 2007--$21.6 million  Bay Shore—1995--$18.2 million; 2002--$83.7 million  Northport-East Northport: 2000--$30.5 million; 2007--$3.4 million  Plainview-Old Bethpage: 1999—$24.3 million; 2007--$2.6 million  Rockville Centre: 1997--$12.1 million; 2003--$2.3 million;

2004--$15.2 million  Rockville Centre now considering another $35+ million bond  Garden City has floated only 2 bonds for improvements to

its school buildings in the last 50 years: one in the 60s and

• ne in 1998. Long Beach, with a similar bonding history,

passed a $95 million bond last spring to address long- delayed needs

Garden City Public Schools 2009 School Investment Bond 13

What will the bond cost taxpayers?

 The project total is $36.5 million  The district will need to borrow a

maximum of $35.2 million

• $1.3 million in existing capital funds will be

used to fund some of the project total

• Anticipated to be additionally offset by $1.35

million in EXCEL aid from New York State

 Borrowing is expected to occur in 3

phases between 2010 and 2012

Garden City Public Schools 2009 School Investment Bond 14

What will the bond cost taxpayers?

 The District’s bond rating is excellent: AA+  At its peak, the School Investment Bond will cost

approximately 71¢/day or $261/year for the average homeowner

 The interest rate is conservatively estimated at

4.5%; actual borrowing costs may be less

 After 6/30/15, property tax attributable to all debt

service begins to decline

 Bond funds can only be used for capital projects

Garden City Public Schools 2009 School Investment Bond 15

Bond Issuance of $33.85 Million, Issued in Three Series F.Y. Ending June 30 Existing Debt Service Average Home New Debt Service Estimated New Debt Service Average Home Total Actual & Estimated Debt Service Average Hiome Total Property Tax Attributa ble to Debt Service* Combined DS Change from Base Year* Change from Previous Year* Debt Service as a Percentage

• f Avg. Tax

Bill 2010 388.94

• 388.94

388.94 4.4% 2011 389.59 506,481 52.20 441.79 441.79 52.85 52.85 5.0% 2012 371.19 1,395,636 143.83 515.02 515.02 126.08 73.23 5.8% 2013 371.86 2,293,888 236.40 608.26 608.26 219.32 93.24 6.8% 2014 373.36 2,689,007 277.12 650.48 650.48 261.54 42.22 7.2% 2015 372.85 2,690,622 277.29 650.14 650.14 261.20 (0.34) 7.2% 2016 242.34 2,689,698 277.20 519.54 519.54 130.60 (130.60) 5.8% 2017 242.89 2,686,149 276.83 519.72 519.72 130.78 0.18 5.8% 2018 243.03 2,691,403 277.37 520.40 520.40 131.46 0.68 5.9% 2019 77.67 2,693,611 277.60 355.27 355.27 (33.67) (165.13) 4.1% 2020 77.75 2,692,773 277.51 355.26 355.26 (33.68) (0.01) 4.1% 2021 77.72 2,688,887 277.11 354.83 354.83 (34.11) (0.43) 4.1% 2022 46.66 2,681,956 276.40 323.06 323.06 (65.88) (31.77) 3.7% 2023 46.76 2,683,233 276.53 323.29 323.29 (65.65) 0.23 3.7% 2024 46.80 2,680,956 276.29 323.09 323.09 (65.85) (0.20) 3.7% 2025 46.76 2,686,467 276.86 323.62 323.62 (65.32) 0.53 3.7% 2026 46.65 2,687,830 277.00 323.65 323.65 (65.29) 0.03 3.7% 2027 2,685,219 276.73 276.73 276.73 (112.21) (46.92) 3.2% 2028

• 2,689,799

277.21 277.21 277.21 (111.73) 0.48 3.2% 2029

• 2,689,724

277.20 277.20 277.20 (111.74) (0.01) 3.2% 2030

• 2,696,508

277.90 277.90 277.90 (111.04) 0.70 3.2% 2031

• 1,797,717

185.27 185.27 185.27 (203.67) (92.63) 2.2% 2032

• 900,603

92.82 92.82 92.82 (296.12) (92.45) 1.1% 2033

• * Based on average home, with an assessment of $2,300. As of May 2009.

These figures are net of EXCEL funding of $1,350,000.

Garden City Public Schools 2009 School Investment Bond 17

1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 New Debt from 2009 Bond Existing Debt

Year Total Dollars

Anticipated District Debt Service

Comparison of Per Pupil Costs

District Per Pupil Spending Jericho 20,419 Locust Valley 19,679 North Shore 18,943 Great Neck 18,586 Manhasset 17,903 Roslyn 17,688 Syosset 17,432 Port Washington 17,339 East Williston 17,324 Rockville Centre 15,273 Garden City 14,662 Herricks 14,658

Garden City Public Schools 2009 School Investment Bond 18

What projects have been completed through the annual district budget capital allocation?

 Stewart and Stratford

dual-fuel boiler conversions

 Homestead, Hemlock &

MS roofs

 HS auditorium lighting  Resurface HS track  MS Scan-Tek technology

lab

 Stewart & Stratford

playground resurfacing

 IT disaster recovery

project

 MS south gym bleachers  HS locker rooms  HS/MS cafeteria

renovations

 Bus garage roof  Fuel tank repairs  Doors, roof and &

masonry repairs--district- wide

Garden City Public Schools 2009 School Investment Bond 19

Note: List is not all-inclusive

What was done as a result of the 1998 bond?

Extensive projects were completed



Classroom additions at primary, elementary and middle schools



Libraries at Stewart, Stratford, MS & HS



Elevators at Stewart & Stratford



Electrical upgrades—All buildings



Science room renovations—HS



Outdoor track, parking lot, tennis courts—HS



Auditorium seating—MS and HS



Hallway lighting and flooring—Stewart



Lunch room--Stratford

Garden City Public Schools 2009 School Investment Bond 20

What was done as a result of the 1998 bond?

 The original bond proposed in 1997

totaled $50 million; it did not pass

 A revised $38 million dollar bond passed

in 1998

 It was assumed when the 1998 passed

that the projects deleted from the original proposal would need to be addressed in future years, as facilities aged and enrollment increased at the secondary level

Garden City Public Schools 2009 School Investment Bond 21

What was NOT included in the 1998 bond?

 Replacement of High School roof  Air conditioning in libraries & auditoriums  Turf fields  Computers  Additional music space at High School  Bleachers

Garden City Public Schools 2009 School Investment Bond 22

Garden City Public Schools 2009 School Investment Bond 23

Repairs needed…

Repairs needed …

Garden City Public Schools 2009 School Investment Bond 24

Repairs needed …

Garden City Public Schools 2009 School Investment Bond 25

Next Steps

 Submission of plans to State Education

Department

 Approval by SED (8-12 weeks)  First phase borrowing (spring/summer

2010)

 Work commences—Summer 2010

Garden City Public Schools 2009 School Investment Bond 26

Garden City Public Schools 2009 School Investment Bond 27

Questions & Answers

Visit the Garden City School District Web site for ongoing information updates www.gardencity.k12.ny.us