Hoosic Valley Passes Elementary School Referendum – by C. Barton

Hoosic Valley- District residents were asked to vote on a $2,200,000 bond referendum relating to repairs needed in the elementary school building on September 16, 2014. The referendum for the roof and energy management system replacement presented at the polls was approved. Votes came back with 100 yes votes and 59 no votes. The project cost is estimated at $2.200,000, the estimated interest cost is $1,069,500 for a total ending cost of $3,269,500.  Revenues to support the project include state building aid which is estimated at $2,433,750 and local tax share of $835,750 which will be spread over 16 years.

Read the entire article in the Sept. 25th edition of the Express.