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What you need to know for 01/22/2017

$48.2M referendum set in Mohonasen

$48.2M referendum set in Mohonasen

Members of Mohonasen’s Board of Education on Monday set a referendum for a $48.2 million capital pro

Members of Mohonasen’s Board of Education on Monday set a referendum for a $48.2 million capital project that includes an “advanced technology” building and a new bus garage.

Voters will head to the polls Nov. 12 to decide whether to allow the district to go forward with the plan. The proposal includes a 42,500-square-foot Advanced Technology Regional Education Center that would be shared with programs operated by Capital Region BOCES and Schenectady County Community College.

In addition to constructing the new buildings, the project would bring improvements to all four school buildings in the district.

State aid would cover 75 percent of the total cost, leaving a local share of about $18.7 million. Revenue from both BOCES and the college leasing space would also help offset the cost to taxpayers.

Further savings could be realized if the district is successful in receiving a grant from the state. Mohonasen, BOCES and the community college have applied for a $2.5 million Empire State Development grant to aid the project.

District officials are projecting the local tax levy increase of about 1 percent a year for five years starting in 2018-2019. For the owner of a home valued at $150,000, this would mean an annual tax increase of about $20.

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