2011-11-AC-STM-rpt - Laserfiche WebLink

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APPROPRIATION COMMITTEE REPORT TO NOVEMBER 2011 STM Table 2 shows that in FY14, the combined Bridge/Bowman project would have an estimated cost of about $153 to the average taxpayer, and the Estabrook project would have an estimated cost of$181. If both the Bridge/Bowman and the Estabrook projects are approved, the total increase for FY14 would be $334. This amount added to the $362 for existing for exempt debt service in FY14 would total $696. The total exempt debt service would decline thereafter as illustrated in the chart below, unless and until additional excluded debt projects, such as the proposed reconstruction of the Town fire station, are approved in the future. Table 2: Estimates of Exempt Debt Service in the Tax Bills to be Paid by an Average Taxpayer Existing Impact of Impact of Fiscal Year Exempt Debt Bridge/Bowman Estabrook Total Service Debt Service Debt Service 2012 $460 $460 2013 $377 $83 — $460* 2014 $362 $153 $181 $696 2015 $342 $146 $174 $662 2016 $328 $146 $174 $648 2017 $286 $139 $167 $592 2018 $279 $139 $167 $585 2019 $258 $139 $160 $557 2020 $244 $132 $153 $529 2021 $237 $125 $153 $515 2022 $223 $125 $146 $494 2023 $216 $125 $146 $487 *See notes on Table 1. The estimates for the impact of exempt debt service listed above in Table 2 are plotted below. 800 700 600 c 500 A 400 A 300 200 100 0 2.01 2. 13 70 705 706 /al 10% 2.09 /MP OA 71 0'3 Fiscal Year Analysis The Bridge and Bowman renovation project, as envisioned in the recently completed designs, is appropri- ately targeted to meet the educational needs of each school by remedying key deficiencies in basic build- ing systems and relieving overcrowding. The plan would achieve a comprehensive and coordinated up- grading of basic systems which are in present need of replacement due to their age, ongoing repair re- quirements and negative impact on the educational program. Both schools' HVAC and single pane win- dows are original to the buildings and well beyond their projected useful lives. The electrical system at Bridge is also original, and the Bowman roof needs to be replaced. In past years, classrooms have been closed due to roof leaks and the heating and ventilating systems have operated unreliably. The project will also address the overcrowded conditions by creating four additional full-size classrooms within each school and by making more efficient use of space within each school. The new classrooms Page 8