Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Kotak Contra Fund at 21: A look at its returns, portfolio and investor risks
    • 4 top-performing thematic PSU funds with the highest returns over 20% in 3 and 5 years; Check performance against the benchmark and category – Mutual Funds News
    • SBI Funds Management shares fall after steady Q1; AUM growth trails industry average
    • Value funds: Only two schemes have negative alpha; Quant and DSP lead category in benchmark outperformance
    • What are Alternative Investment Funds? Experts explain SEBI’s three AIF categories and how they differ from mutual funds
    • REITs vs REIT mutual funds: Structure, taxation rules, returns and suitability for investors compared
    • PhonePe Mutual Funds sees 5X growth in Daily SIP transactions
    • New Fund Offer: Should you invest in an NFO when a similar mutual fund with a proven track record exists?
    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

    NS&I confirms Premium Bonds August winners with two £1 million prizes won

    August 3, 2026

    Premium Bonds winners August 2026: See all the prizes from £1,000 to £1m and search our interactive tables

    August 3, 2026

    Premium Bonds prize checker: When is August’s NS&I draw and have I won?

    August 2, 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

    Kotak Contra Fund at 21: A look at its returns, portfolio and investor risks

    August 4, 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

    Kotak Contra Fund at 21: A look at its returns, portfolio and investor risks

    August 4, 2026

    Kotak Mahindra Asset Management Company’s Kotak Contra Fund has completed 21 years, with the equity…

    4 top-performing thematic PSU funds with the highest returns over 20% in 3 and 5 years; Check performance against the benchmark and category – Mutual Funds News

    August 4, 2026

    SBI Funds Management shares fall after steady Q1; AUM growth trails industry average

    August 4, 2026

    Value funds: Only two schemes have negative alpha; Quant and DSP lead category in benchmark outperformance

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

    Space investments set to rise in 2026 after record year

    January 19, 2026

    Is property still a good investment? Here’s what winners and losers of past 15 years reveal | Money News

    December 4, 2025

    Should You Buy 30-Year Government Bonds?

    July 13, 2026
    Our Picks

    Kotak Contra Fund at 21: A look at its returns, portfolio and investor risks

    August 4, 2026

    4 top-performing thematic PSU funds with the highest returns over 20% in 3 and 5 years; Check performance against the benchmark and category – Mutual Funds News

    August 4, 2026

    SBI Funds Management shares fall after steady Q1; AUM growth trails industry average

    August 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.