Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual fund rules may get investor-friendly overhaul by Sebi
    • Find Federated Investors funds and ETFs
    • Budget 2026: How smart property investors behave in uncertainty
    • Mawer Investment Management Ltd. Announces Fund Updates Effective May 27, 2026
    • Find Franklin Templeton Investments funds and ETFs
    • 3 Metal and Commodity Mutual Funds in India to Watch in 2026 – Money Insights News
    • Crypto News Today: Bitcoin Outflows, USDT Gains, and HYPE ETFs Volume Jumped
    • Structured Income ETFs Offer New Path for Advisors
    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

    Egypt issues $1bln social, development bonds in first MENA sale since Iran-US War

    May 21, 2026

    Egypt issues $1bln international bonds in first MENA offering since Iran conflict escalation

    May 20, 2026

    Bonds 101: What you need to know about the bond market

    May 20, 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

    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

    Budget 2026: How smart property investors behave in uncertainty

    May 21, 2026
    Don't Miss
    Mutual Funds

    Mutual fund rules may get investor-friendly overhaul by Sebi

    May 21, 2026

    Markets regulator Sebi on Wednesday proposed allowing third-party payments in mutual funds in certain scenarios,…

    Find Federated Investors funds and ETFs

    May 21, 2026

    Budget 2026: How smart property investors behave in uncertainty

    May 21, 2026

    Mawer Investment Management Ltd. Announces Fund Updates Effective May 27, 2026

    May 21, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Funding support for environmental projects opens in Guernsey

    August 31, 2025

    OpenAI, Nvidia CEOs to announce UK data centre investments

    September 14, 2025

    Babbinswood community farm appeal continues despite funds woes

    October 3, 2025
    Our Picks

    Mutual fund rules may get investor-friendly overhaul by Sebi

    May 21, 2026

    Find Federated Investors funds and ETFs

    May 21, 2026

    Budget 2026: How smart property investors behave in uncertainty

    May 21, 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.