Supervisors to discuss school bond referendum
Now that the $26.3 million school bond referendum got approval from 81 percent of Caroline voters, school and county officials are moving quickly to get the two projects underway.
Renovations at the Caroline High School will run about $21 million, and work at Madison Elementary school will cost $4 million. The remaining $1.3 million will be used to pay for the issuance of the bonds. Here are more details about the proposed renovations.
School officials hope to break ground on the two projects by the summer.
A presentation is scheduled from the county’s financial consultants, according to the meeting agenda.
The item says: “Preliminary Report on Financing of School Bond Referendum Projects-Courtney Rogers, Davenport & Company. Here’s a link to the actual memo.
This is important because it will give the supervisors–and taxpayers–a better idea of how this will impact the tax rate.
The meeting begins at 6 p.m. at the Community Services Center, 17202 Richmond Turnpike in Milford. (Note: It’s Thursday instead of Tuesday because the Virginia Association of Counties Conference, which some supervisors are attending, conflicted with the Tuesday meeting.)