• Office of Business and Finance

    Revised 2017 Bond Issue
     


    Bond Referendum Vote Results:
    Yes: : 
    Yes: 6,299; No: 1,925; PASSED
    We thank the community for its ongoing support of education in Great Neck.



    Voting for 2017-18 Proposed Budget, Revised Bond Referendum & Board of Education Candidates
    Tuesday, May 16, 2017 -- 7 a.m. - 10 p.m
    Baker School and South High School

    Revised 2017 Bond Referendum Information: On Tuesday, May 16, 2017, qualified voters in the Great Neck Public School District will be asked to authorize a Revised 2017 Bond Referendum which will facilitate renovations, repairs, and improvements to the district's aging buildings and grounds. Several projects from the original Bond Issue have been removed or reduced in the new Referendum to lower the overall cost to the community. This Revised 2017 Bond Referendum Page has been created to summarize the highlights and revisions made to the original Bond Issue Proposal. It aggregates information, timelines, presentations, and handouts to help inform the community about these projects.

     

    • Revised 2017 Bond Referendum At A Glance:

      • Building Envelope Condition Critical Projects: $51,700,000
      • Educational and Building Enhancements: $26,147,217
      • Total Cost of Projects: $77,847,217

      • Employee Benefit Accrued Liability Reserve Offset: -$3,000,000
      • Workers Compensation Reserve Offset: -$3,000,000
      • Retirement Contribution Reserve Offset: -$3,507,955

      • Total Appropriation of Reserve Cost Offset: -$9,507,955

      • Proposed Amount of Bond Issuance: $68,339,262


    • Revisions and Reductions From Original Bond Proposal:

      • Removal of Cumberland New Building: -$9,804,492
      • Removal of Clover Drive Additions and Alterations: -$6,587,571
      • Reduced Scope of E.M. Baker Addition and Alterations: -$1,168,675

      • Total Removed From Original Bond Proposal: -$17,560,738

    • Tax Impact of Revised 2017 Bond Referendum on Select Fair Market Value Homes:
       
      • $500,000 Class I Home Market Valuation
        • Additional Annual Cost * = $135.75
        • Cost Per Week = $2.61

      • $750,000 Class I Home Market Valuation
        • Additional Annual Cost * = $203.63
        • Cost Per Week = $3.92

      • $1,000,000 Class I Home Market Valuation
        • Additional Annual Cost * = $271.50
        • Cost Per Week = $5.22

      • The current (existing) bond issue costs a Class I Real Property Taxpayer with a home valued at $750,000, $124.31 annually. The proposed bond will, when fully issued, add $203.63 to that cost.

    • Voting on 2017 Bond Referendum:
      • Voting on the Revised 2017 Bond Referendum is scheduled to take place on Tuesday, May 16, 2017, from 7 a.m.-10 p.m. There are two voting locations: E.M. Baker School (69 Baker Hill Rd.) for residents living north of the LIRR, and South High School (341 Lakeville Rd.), for residents living south of the LIRR.

     

    • Registration for Revised 2017 Bond Referendum:
      • The deadline to register to vote is Thursday, May 11, 2017. For registration information, please phone the District Clerk at (516) 441-4020.


    • Applications For Absentee Ballots:
      • Qualified registered voters can obtain Applications for Absentee Ballots online or from the District Clerk, Phipps Admin. Bldg., 345 Lakeville Rd., school days, 9 a.m.-4 p.m. (516-441-4020). Residents whose registration records are marked "permanently disabled" automatically receive absentee ballots. Completed absentee ballots must be received by the District Clerk no later than 5 p.m., Tuesday, May 16.

    • Further Information or Questions About Revised 2017 Bond Referendum:
      • For further information about the Revised 2017 Bond Issue, please call (516) 441-4020.
  • New GNPS Logo with star in the middle.