Friday, December 13, 2019

No Impact to Tax Rate or Debt Service Payments Anticipated with Proposed NJ-SP Elementary School Project

Posted on December 13, 2019
Author Jacque Ryan, WKVI

During a work session last Monday, North Judson-San Pierre Superintendent Dr. Annette Zupin stressed that the anticipated improvement project at the Elementary school will not have a negative impact on the corporation’s debt service payment and will not increase the tax rate for citizens.

She explained, “We will do this all within our capacity. We do it all $10 million, or less, and if we need more then we’re going to have to phase it because we are committed to not increase our tax rate.”

School officials have plans to go through the bonding process to help finance this project. Representatives from the firm Baker Tilly are expected to meet with school officials and interested community members in the future to go over specifics related to finances.

School Board member Jim Menis commented on some initial reservations that he heard about project at the Junior/Senior High and noted that the success of that project should put any worries about this one to rest.

He noted, “That’s what a lot of people are going to look at. I know a lot of people were against the renovations because they figured the tax rate would go up but it hasn’t and the program went along really well and everybody kept their word on it so we can do the same thing with the elementary.” 

While no official decisions about the building project could be made during the work session, school board members are expected to take action on the matter when they meet next week on Tuesday, December 17th.

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