Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • High return, lower volatility: 5 equity mutual funds that stand out on risk-adjusted performance – Money News
    • Unclaimed Financial Assets: How to check and claim your forgotten money from banks, mutual funds, insurance and NPS
    • Salary-linked SIPs for employees: Experts see EPF-style mutual fund investing a potential game-changer – Money News
    • PGIM MF caps SIP in global funds
    • Australia’s best investment buyer’s agent says saving tax is not a strategy. It’s not even a focus – making money is
    • HDFC Mutual Fund Restricts Lumpsum Inflows into Gold ETF and FoF
    • Small cap funds lead mutual fund performance; inflows hit one year high
    • Best AI ETFs: Top 10 Artificial Intelligence Funds for 2026
    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

    Investors rotate from cash into bonds and multi-asset funds

    June 4, 2026

    Fixed deposit investment: Should investors lock money in FDs offering 8% returns or consider bonds?

    June 3, 2026

    Investing in tax-free government bonds: What you need to know

    June 3, 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

    Australia’s best investment buyer’s agent says saving tax is not a strategy. It’s not even a focus – making money is

    June 4, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    High return, lower volatility: 5 equity mutual funds that stand out on risk-adjusted performance – Money News

    June 4, 2026

    Investors often focus on returns when selecting mutual funds, but returns alone do not tell…

    Unclaimed Financial Assets: How to check and claim your forgotten money from banks, mutual funds, insurance and NPS

    June 4, 2026

    Salary-linked SIPs for employees: Experts see EPF-style mutual fund investing a potential game-changer – Money News

    June 4, 2026

    PGIM MF caps SIP in global funds

    June 4, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Mutual funds industry seeks greater leeway for the new asset class | News on Markets

    August 7, 2024

    SEI Investments Company : Oppenheimer à l’achat

    April 24, 2025

    SBI Mutual Funds get RBI’s approval to acquire 9.99% stake in Karur Vysya Bank

    August 24, 2024
    Our Picks

    High return, lower volatility: 5 equity mutual funds that stand out on risk-adjusted performance – Money News

    June 4, 2026

    Unclaimed Financial Assets: How to check and claim your forgotten money from banks, mutual funds, insurance and NPS

    June 4, 2026

    Salary-linked SIPs for employees: Experts see EPF-style mutual fund investing a potential game-changer – Money News

    June 4, 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.