Bond Work Items and Costs
High school and middle school
Roof replacement $2,300,000
Fire alarm system upgrades (MS) $475,000
Greenvale School
Roof replacement $750,000
Fire alarm system upgrades $150,000
Anne Hutchinson School
Roof replacement $1,250,000
Fire alarm system upgrades $225,000
Waverly School
Repair and replace old gutters and cornice work on west side of old building (not covered in prior
bond) $250,000
Total project estimate and bond amount $5.4 million
Less "Excel Aid" from New York state - $913,951
COST TO TAXPAYERS
Formula: Cost per million x $5.294 (assessed value ÷ 1,000) = Total annual additional tax.
Examples: Property Estimated annual assessment tax increase
$8,000 $42.35
$10,000 $52.94
$12,000 $63.52
$14,000 $74.11
Note: Estimates are based on an Interest Rate Projection of 4 percent for a 15-year amortization
schedule. Interest rate is subject to change.
Source: Eastchester School District