Public PresentationCapital BondNovember 27, 2017

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The Board of Education facilities

committee working in concert with

building administration, central

administration, and the district

architect weighed both district needs

and fiscal responsibility to arrive at a

list of necessary projects for a capital

bond.

Capital Bond

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Quick Facts

Bond will address Infrastructure and Instructional Needs with a focus on

Health/Safety of students and staff

Approximate cost will be $29,900,000

Vote is planned for December 5, 2017

Actual construction would begin summer of 2019

More immediate needs have been or will be addressed through General Fund

budget appropriations:

•High School Electrical Upgrade

•High School Track Resurfacing

•Masonry Repairs of Façade at High School

•Various paving projects throughout the District

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Projects

Location Description Est. Cost

Middle School

Drainage and Erosion Control- Installation of drainage walls at the north side of the building to address the severe erosion, that risks the structural failure of hillside as well as moisture/mold conditions. $ 1,590,000.00

Middle School

MS Main Office Relocation- Move office to existing Science room A102 and Science room to current Main Office. Create greater access for parents and increase safety for students/staff. $ 480,000.00

Middle School

MS Classroom Space- Renovate multi-purpose room to enhance the use for physical education and athletics with bleachers/ wall padding/backboards, and flooring. $ 110,000.00

High School/Middle SchoolTennis Courts- Complete replacement of 4 existing courts and proper drainage installation. $ 600,000.00

High School/Middle SchoolExterior Football Bleachers- Complete replacement of bleachers with handicapped accessibility. $ 450,000.00

High School/Middle School Stairs to Lower Field (the High School bowl) $ 145,000.00

High School/Middle School Auditorium- Reconfigure and upgrade sound booth to the rear of auditorium. $ 125,000.00

High School/Middle School Security- Construct new security vestibule by installing secondary doors. $ 59,000.00

High School/Middle SchoolHandicapped Accessibility at the High School Track- Installation of a 2-3 car asphalt parking area with a walkway to the bleachers. $ 43,000.00

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Projects

Location Description Est. Cost

High SchoolHS Classroom Space- Construct new 3 story addition between existing 3 story wing and science wing adding 7 -10 classrooms $ 7,648,250.00

High School

HS Classroom Space- Construct 1 story instrumental music room and small practice rooms adjacent to AP room and music portable. Once built, existing music portable in parking lot will be demolished. $ 2,257,500.00

High SchoolHS Cafeteria Space- Renovate existing cafeteria and renovate existing kitchen, including expanded kitchen. Addition of air conditioning to student space. Demolish and replace exterior patio wall. $ 2,158,615.00

High SchoolHS Windows- Replacement of windows installed circa 1986 (which is at end of useful life-span), will be replaced in fashion of 1935 style. $ 1,155,385.00

High School

HS Interior Alterations- Reconfigure several spaces in building to improve teaching environment. For example, resize classrooms, soundproofing classrooms, modify classroom space for specialized programs $ 225,000.00

Elementary

Elementary Additional Classrooms- Construction of 1 additional classroom and 1 additional office, while creating storage with space behind Cafeteria; renovate and create 1 large soundproof music room; create 2 additional ADA toilets; and enlarge cafeteria service line opening. $ 2,471,250.00

ElementaryElementary HVAC- Install new ventilators to provide fresh air ventilation for the 200 and 300 wings. $ 737,000.00

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Projects

Location Description Est. Cost

Elementary Elementary School All Purpose Room / Cafeteria Air-conditioning $ 478,000.00

Elementary Security Vestibule - Expand building footprint and install inner security vestibule. $ 210,000.00

Athletics

Locker Room Renovations - Inequitable facilities currently exist among our male and female student athletes. Renovate Team Locker rooms and build new corridor along exterior wall. Renovate lockers/shower facilities/plumbing/ventilation. $ 1,691,000.00

Athletics Sports Lighting- Install stadium lighting at Scraggy Fields $ 1,610,000.00

AthleticsSynthetic Turf Field (1)- Remove grass from entire oval of existing running track and replaced with turf. Estimated maintenance (not part of cost) is $7,500-$8,000 annually. $ 1,378,000.00

AdministrationTech Ed Building- Convert to new Central Administration building, keeping existing wrestling room intact. Cost to renovate existing Central Administration building estimated at $4 million. $ 3,688,000.00

AdministrationAdministration Building- Vacate and demo building. Create new bus loop that can accommodate the current bus fleet as well as creating a parent drop off in the old bus loop. $ 590,000.00

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Original Bond Payment Schedule as of 9/1/2017

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New Bond Payment Schedule as of 11/27/2017

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Munistat

MUNISTAT SERVICES INC. Municipal Finance Advisory Service

Website: www.munistat.com

● Serving Municipalities and School Districts in New York State Since 1977 ●

12 Roosevelt Avenue

Port Jefferson Station, New York 11776

November 27, 2017

Sean Leister Deputy Superintendent

Port Jefferson Union Free School District

Business Office

550 Scraggy Hill Road

Port Jefferson, New York 11777

Re: Port Jefferson Union Free School District, New York

$29,900,000 Proposed Capital Project

Dear Sean:

Unfortunately, the last estimated debt service schedule that I provided to you contained an inadvertent

inaccuracy pertaining to the state aid amount. The inaccuracy caused the estimated average tax rate to be

understated.

We apologize for the oversight in the estimated schedule.

Very truly yours,

Michael J. Loguercio

President

Phone: (631) 331-8888

Fax: (631) 331-8834

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Bond Estimate Changes

State Aid Decreases from $915,000 to $453,580

Interest rates decreased based upon recent bond sales from 3.75% to 3.00%

Tax rate impact from 7.21 to 8.56

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Tax Calculator

Port Jefferson School Tax Estimate Calculator

2016/2017 Assessed Value - Gross (1) 3,725.00 Upper Left of Statement

Less Exemptions

Volunteer Fire/Ambulance (enter as negative value) (2) (373.00) (value) Upper Right of Statement

Veterans (enter as negative value) - (value) Upper Right of Statement

Senior (enter as negative value) (value) Upper Right of Statement

STAR (enter as negative value) (3) (510.00) (value) Upper Right of Statement

Other (enter as negative value) (value) Upper Right of Statement

2016/2017 Assessed Value - Adjusted Gross (5) $ 2,842.00 Middle Right of Statement

2016/2017 Tax Rate (6) 145.08 Middle Right of Statement

2016/2017 School Taxes - Gross $ 4,863.01 Calculation

Star Exemption (enter as negative value) (4) (654.00) (Real Savings) Upper Right of Statement

2016/2017 Net School District TAXES (7) $ 4,209.01 Middle Right of Statement

Estimated 2017/2018 Tax Rate 148.74

Estimated 2017/2018 Tax Rate with $29,900,000 Bond 157.30

2016/2017 School District Taxes (7) $ 4,209.01 Middle Right of Statement

Estimated 2017/2018 School District Taxes $ 4,220.65

Estimated 2017/2018 School District Taxes w 29.9 Million Bond $ 4,463.93

Estimated Annual increase to taxes as a result of Capital Bond (8) $ 243.28

*This calculator is for estimation purposes only. Port Jefferson School District is not the Assessor of Taxes nor does it represent itself to be.

**Actual increases due to the capital bond would not occur until the 2018/2019 school year or possibly 2019/2010 school year. The purpose of the calculation is to estimate the annual individual increase in school taxes as a result from the proposed Capital Bond referendum

***These calculation are based upon current data and are subject to change by the Assesors Office

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Question and Answer

How much will this bond cost me?

The bond would add approximately 8.56 points to the tax rate. The 2017-2018 estimated tax rate is 148.74. So if the bond was issued in 2017/2018

the tax rate would grow to 157.30

For a household that pays $4,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $239

For a household that pays $8,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $427

For a household that pays $14,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $826

For a household that pays $20,000 in School Tax, the approximate annual increase in taxes attributable to the bond will be $1,185

Exactly how much will it cost me personally for the bond referendum?

Check out the updated individual tax payer calculator.