Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Kotak Pioneer Fund Regular Growth | Mutual Fund Performance
    • Mutual funds’ stock market lead over LIC widens for fifth year in a row | Markets News
    • Hybrid Funds Draw Rs 1.55 Lakh Cr In FY26 On Volatility Play
    • Could Solana (SOL) ETFs Outperform Ripple (XRP) ETFs In 2026?
    • As equity mutual funds struggle, these funds have delivered up to 25% returns in 1 year: Check top 5 performers – Money News
    • Find Principal Funds funds and ETFs
    • Find Eaton Vance funds and ETFs
    • Find Lord Abbett and Co. funds and ETFs
    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

    Fishing for Higher Yields? G-Secs, SDLs, FRSBs, Corporate Bonds are Good Bets

    May 16, 2026

    Bonds battered across the world, including in Canada, as flaring inflation spooks investors

    May 15, 2026

    Premium Bonds rules change warning as expert predicts ‘two more rises’

    May 15, 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

    Kotak Pioneer Fund Regular Growth | Mutual Fund Performance

    May 18, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Kotak Pioneer Fund Regular Growth | Mutual Fund Performance

    May 18, 2026

    About FundThe investment objective of the scheme is to generate capital appreciation from a diversified…

    Mutual funds’ stock market lead over LIC widens for fifth year in a row | Markets News

    May 17, 2026

    Hybrid Funds Draw Rs 1.55 Lakh Cr In FY26 On Volatility Play

    May 17, 2026

    Could Solana (SOL) ETFs Outperform Ripple (XRP) ETFs In 2026?

    May 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Which ETFs Can Replace a $70k Salary on Dividends Alone?

    March 23, 2026

    PBOC Starts Stress Tests on Banks to Curb Bond Risks, Paper Says

    August 26, 2024

    62 Lakh Retail Investors Now Hold Yes Bank, Mutual Funds Raise Stake In Q2

    October 11, 2024
    Our Picks

    Kotak Pioneer Fund Regular Growth | Mutual Fund Performance

    May 18, 2026

    Mutual funds’ stock market lead over LIC widens for fifth year in a row | Markets News

    May 17, 2026

    Hybrid Funds Draw Rs 1.55 Lakh Cr In FY26 On Volatility Play

    May 17, 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.