Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Rapid evolution in asset management space signals exciting days ahead
    • Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?
    • Premium Bonds ‘dramatic cuts’ alert as NS&I changes scheme rules
    • Should You Shift From Dividend To Growth In Mutual Funds? Here’s How To Make The Switch
    • ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips
    • Sukanya Samriddhi, provident fund, bank deposits, mutual funds: Compare investments for your child’s future
    • Lifestraw’s lightest water filter ever: Sip Essential survival straw
    • Slow FY26 for multi-cap funds – Business News
    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

    Premium Bonds ‘dramatic cuts’ alert as NS&I changes scheme rules

    April 17, 2026

    NS&I increases Green Savings Bond rates – but can you get more elsewhere?

    April 16, 2026

    The pros and cons of Premium Bonds as the chances of winning drops again

    April 16, 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

    How foreign and domestic capital are shaping real estate investments

    April 15, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Rapid evolution in asset management space signals exciting days ahead

    April 17, 2026

    In recent years, the mutual fund space is being reshaped by a host of ambitious…

    Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?

    April 17, 2026

    Premium Bonds ‘dramatic cuts’ alert as NS&I changes scheme rules

    April 17, 2026

    Should You Shift From Dividend To Growth In Mutual Funds? Here’s How To Make The Switch

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

    Red-hot thematic investing theme receives a ‘passive’ boost in July | Mutual Fund – Top Stories

    August 22, 2024

    Ethereum ETFs Record Longest Inflow Streak in 2025

    June 6, 2025

    AGF Investments Launches AGF Enhanced U.S. Income Plus Fund

    February 28, 2025
    Our Picks

    Rapid evolution in asset management space signals exciting days ahead

    April 17, 2026

    Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?

    April 17, 2026

    Premium Bonds ‘dramatic cuts’ alert as NS&I changes scheme rules

    April 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

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.