Vote set on $19.6 million North Shore school bond
Published: November 27, 2013 5:26 PM
By JENNIFER BARRIOS
Voters in the Sea Cliff-based district are slated to head to the polls Tuesday to decide the fate of the referendum, which would cover replacement windows, floors and roofs, security upgrades, repairs to the electrical systems and new masonry walls, among other items.
The district estimated that the bond would have no effect on taxes because it would replace older bonds that will be paid off.
“As we’re retiring debt, we’re adding debt,” said Herman Berliner, president of the school board.
But Anthony Losquadro, director of the Sea Cliff-North Shore Property Owners Committee, said the measure included too many items, including some he said were cosmetic and unnecessary.
In addition, the decommissioning of the Long Island Power Authority’s Glenwood Landing power plant, and the subsequent loss of tax revenue from it, means voters shouldn’t take on more debt now, Losquadro said.
“Send the proposal back to the board and let them refine it and pare it down and bring it back to us for another vote,” he said.
But Berliner said the list already represents the most essential repairs, and it would be more costly in the long run to put them off.
“There are no frills, no fluff, nothing like that in the bond issue,” Berliner said. “We take very seriously our fiduciary responsibilities and looked at what made the most sense in a very difficult economic time.”
Let me get this straight. The BOE is telling taxpayers that they can borrow $$ 19 Million and not worry about paying it back?? Hmm? Ever hear that we are known as “stupid Americans’ by other parts of the world> A bond is a loan and yes- you will pay it back!