Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Bill Ackman’s New Closed-End Fund Trades 20% Below Its IPO Price. Is the Berkshire-Style Bet Broken?
    • 2 Vanguard ETFs Using Momentum to Outpace the S&P 500
    • 4 Small Cap Mutual Funds Outperformed in H1 2026: See the Winners – Money Insights News
    • Sebi clears automatic SWP, STP mandates for demat mutual fund holdings
    • 3 Gold-Rated Schwab ETFs to Buy
    • AMFI Simplifies Mutual Fund Transmission Process For Next Of Kin
    • NATO’s $40 Billion Counter-Drone Push Puts These Defense ETFs in Focus – State Street SPDR S&P Aerospace
    • Why Nigerian Money Market Funds are your best emergency fund upgrade
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Carle Place voters split on 2 bonds proposals for school improvements
    Bonds

    Carle Place voters split on 2 bonds proposals for school improvements

    October 25, 2024


    Residents in the Carle Place school district approved a $10 million bond proposal for improvements at the joint middle and high school building but rejected a $6 million proposal to expand the Cherry Lane Elementary School.

    Proposition 1, which passed Thursday by a vote of 637 to 439, according to superintendent Ted Cannone, will fund an upgrade to the middle and high schools’ aging HVAC systems. Proposition 2, which district residents rejected in a vote of 406 to 666, would have funded a $6 million expansion of the Cherry Lane Elementary School building to increase the number of seats in the district’s prekindergarten program.

    Officials had noted that the pre-K expansion, proposition was contingent on the community’s approval of the first proposal.

    This is the first year Carle Place has offered a pre-K program, which is currently housed at the high school. Proposition 2 would have allowed for the construction of five classrooms at the elementary school to house the pre-K program and increased the number of seats from 18 to about 90. Construction would have kicked off in 2026.

    With only the $10 million HVAC proposition passing, the average family can expect an annual school tax increase of $12.82, according to previous bond proposal presentations led by Joanna DeMartino, the district’s assistant superintendent for business. If both propositions had passed, families would have seen an average increase of $77.77.

    The HVAC upgrade will cost around $13 million, and the district will use $3 million from a reserve account to cover a portion of the expense, according to school officials. Work on the HVAC system is expected to begin in July.

    “Thank you to everyone who voted in today’s bond referendum vote,” Cannone said in a statement late Thursday evening after the results were tabulated. “We look forward to sharing updates on the progress of the projects included in the first proposition and once again thank our community for its ongoing participation in the district.”

    By Nicholas Grasso and Darwin Yanes



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Foreign inflows in Asian bonds surge to seven-month high in June

    July 17, 2026

    Sovereign bonds on the rise in July

    July 17, 2026

    Bonds Picking Up Some Safe-Haven Demand

    July 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Bill Ackman’s New Closed-End Fund Trades 20% Below Its IPO Price. Is the Berkshire-Style Bet Broken?

    July 18, 2026

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Bill Ackman’s New Closed-End Fund Trades 20% Below Its IPO Price. Is the Berkshire-Style Bet Broken?

    July 18, 2026

    Berkshire Hathaway (BRKA 0.18%)(BRKB 0.45%) was a way for people to invest alongside CEO Warren…

    2 Vanguard ETFs Using Momentum to Outpace the S&P 500

    July 18, 2026

    4 Small Cap Mutual Funds Outperformed in H1 2026: See the Winners – Money Insights News

    July 18, 2026

    Sebi clears automatic SWP, STP mandates for demat mutual fund holdings

    July 18, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Gold Mutual Funds or Equity Funds: Return Comparison Over 1, 5 and 10 Years – Money News

    May 19, 2025

    Motilal Oswal – Sponsored Content

    May 24, 2025

    VBR vs. IWN: How These Small-Cap Value ETFs Compare on Fees, Risk, and Returns

    May 5, 2026
    Our Picks

    Bill Ackman’s New Closed-End Fund Trades 20% Below Its IPO Price. Is the Berkshire-Style Bet Broken?

    July 18, 2026

    2 Vanguard ETFs Using Momentum to Outpace the S&P 500

    July 18, 2026

    4 Small Cap Mutual Funds Outperformed in H1 2026: See the Winners – Money Insights News

    July 18, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.