Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Samir Arora’s mutual fund comeback is off to a strong start. The proof? An 18.5% CAGR – Money Insights News
    • Scheme selection key as mutual fund returns vary widely across categories
    • Why large-cap funds are losing their alpha edge post-2010: Key factors behind decline and what investors should do
    • SIP Calculator: Here’s How Long A Rs 30,000 Monthly SIP Takes To Start Generating Rs 50 Lakh
    • Margin calls, leveraged ETFs and a market crash: What Indian investors can learn from South Korea – Money News
    • 3 Mutual Funds with Exposure to India’s Semiconductor Growth Story – Money Insights News
    • Investors Flock to ETFs as Market Volatility Drives Demand. Should You Do the Same?
    • Cyta reports major investments and digital overhaul
    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

    AIR BALTIC CORPORATION ASEO-BONDS 2024(24/29) REG.S Bond

    July 29, 2026

    Stocks and bonds see wild ‘Fed day’ swings as Wall Street’s ‘crash cushion’ evaporates

    July 29, 2026

    SBI raises ₹4,691 crore from Tier I bonds to fund business growth

    July 29, 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

    Groww drove 48% of new SIP growth since FY17

    July 30, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Samir Arora’s mutual fund comeback is off to a strong start. The proof? An 18.5% CAGR – Money Insights News

    July 31, 2026

    Samir Arora is a veteran fund manager. Back in the 90s, he was Alliance Capital’s…

    Scheme selection key as mutual fund returns vary widely across categories

    July 31, 2026

    Why large-cap funds are losing their alpha edge post-2010: Key factors behind decline and what investors should do

    July 30, 2026

    SIP Calculator: Here’s How Long A Rs 30,000 Monthly SIP Takes To Start Generating Rs 50 Lakh

    July 30, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Firm Capital Mortgage Investment Corporation Files Preliminary Base Shelf Prospectus

    July 12, 2024

    Goodbye to Noise, Cones, & Dust… Hello to Fall Fare, Sips, & Sales

    August 21, 2024

    Rashed Darwish Al Ketbi commercial investments and Marriott International sign agreement to open The St. Regis Mirfa Beach Resort, Abu Dhabi

    November 3, 2025
    Our Picks

    Samir Arora’s mutual fund comeback is off to a strong start. The proof? An 18.5% CAGR – Money Insights News

    July 31, 2026

    Scheme selection key as mutual fund returns vary widely across categories

    July 31, 2026

    Why large-cap funds are losing their alpha edge post-2010: Key factors behind decline and what investors should do

    July 30, 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.