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Home Schools Rye Schools Board of Ed New "71+9" School Bond Scheduled for June 11, 2019

New “71+9” School Bond Scheduled for June 11, 2019

The Rye Board of Ed voted Tuesday night to advance a new, updated "71+9" school (capital) bond referendum. The original $80 million dollar bond was defeated by a mere ten votes.

Eric Byrne Rye Bond Vote

(PHOTO: Rye school boss Eric Byrne explains the numbers behind the original $80M Rye school bond.)

The vote will be on Tuesday, June 11, 2019 from 7:00am – 9:00pm in the Rye Middle School (3 Parsons Street). No word if food trucks will be available in the evening voting hours.

The new bond is divided into three (3) distinct propositions:

  1. Prop 1 – the main, or $71 million core bond, reduced from the previous $80 million;
  2. Prop 2 – the incremental, or $9 million, carved out (as one might guess, you'll find library, theater, art and gym items here);
  3. Prop 3 – a Capital Reserve Fund "to create the ability for the District to dedicate surplus funds to address future facilities and infrastructure needs at no additional cost to taxpayers" – presumably this discourages a "use it or lose it" spend mentality.

See the letter circulated with the budget line items details.

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The Rye Board of Ed voted Tuesday night to advance a new, updated "71+9" school (capital) bond referendum. The original $80 million dollar bond was defeated by a mere ten votes.

Eric Byrne Rye Bond Vote

(PHOTO: Rye school boss Eric Byrne explains the numbers behind the original $80M Rye school bond.)

The vote will be on Tuesday, June 11, 2019 from 7:00am – 9:00pm in the Rye Middle School (3 Parsons Street). No word if food trucks will be available in the evening voting hours.

The new bond is divided into three (3) distinct propositions:

  1. Prop 1 – the main, or $71 million core bond, reduced from the previous $80 million;
  2. Prop 2 – the incremental, or $9 million, carved out (as one might guess, you'll find library, theater, art and gym items here);
  3. Prop 3 – a Capital Reserve Fund "to create the ability for the District to dedicate surplus funds to address future facilities and infrastructure needs at no additional cost to taxpayers" – presumably this discourages a "use it or lose it" spend mentality.

See the letter circulated with the budget line items details.