With the referendum on the Bedford Central School District's roughly $31.8 million capital plan approaching, a presentation showing the financial aspects for taxpayers has been uploaded to the district's website.
The presentation includes a conservative tax estimate chart, which excludes old debt service being removed from the budget. The chart gives an estimate of $70 to $75 annually for a home with a market value of $250,000 (the low end) to $350 to $375 for a home worth $1,250,000, which is the highest level on the chart.
The report also looks at the tax impact of the new debt, by home value, over the 25-year life of the debt services, going as far out as 2039. However, because of older debt dropping off, it is stated in the report that there could be just five years out of 25 where the tax levy for debt goes up higher than what it was originally.
The capital plan includes major interior and exterior renovations of West Patent Elementary School, renovated science labs and a cafeteria expansion at Fox Lane Middle School, replacing the track, turf and water delivery at the Fox Lane campus, and roof replacement work on six out of the district's seven schools. A vote on the proposal will be held on Oct. 22.