At its May meeting the Bronxville Board of Education supported a bond referendum to fund these long-planned facilities improvements. The May proposal was for a bond not to exceed $5 million; in June the Board amended that figure downward to $4.5 million, thus reducing the tax burden on Village residents and relying instead on a construction reserve.
The total capital plan is budgeted at $10 million, and was conceived as a public/private partnership in light of current economic realities. The Bronxville School Foundation, the PTA, and other private sources have contributed $3 million to this effort as a way of adding significant value to a basic scope of work and turning it into a superior design with a larger seating capacity in the auditorium. The remaining $2.5 million is slated to come from the District's construction reserve, which was increased by $500,000 in June.
For more information on Bronxville's capital plan and the related finances, go here.
