On August 21st, the Burlington Board of School Commissioners approved the following resolution:
Be it resolved by the Burlington Board of School Commissioners as follows; That the Burlington City Council be respectfully requested pursuant to Section 63 of the City Charter to place the following question on the ballot of a Special City Meeting to be held on November 6, 2018:
“Shall the legal voters of the city authorize the city council to pledge its full faith and credit by the issuance of its general obligation orders, warrants, notes or bonds in an amount not to exceed $70 Million for the purpose of making capital improvements to the public schools of the city, including the construction of a new or rehabilitated high school.”
The $70 million resolution represents board support for a $68.5 million plan presented by the School District and adds an additional $1.5 million into the project for air conditioning and contingencies.
On Monday, August 27, BSD presented the presentation to the board. As part of the presentation, BSD took the opportunity to answer some of the questions posed by Mayor Weinberger in a letter the Superintendent and Chair sent on August 21st. You can see the presentation, Mayor’s letter, and the District’s response below.
This presentation shows the tax impact of $70 million bond, as well as the factors that led up to the vote, total projected debt load, our bond survey results, and preliminary plans to continue to engage the public.
Please take the time to familiarize yourself with our response to the City’s letter. For additional information including site plans, timelines, student impact, and more, please visit the BSD ReEnvisioning web page.