GEHR Bond Vote Today

Update -  Bond Proposal Defeated
Of the four municipalities voting in the Greater Egg Harbor Regional School District, only Hamilton Township voters approved the bond, according to unofficial totals. The vote tally in Hamilton was 582 yes to 395 no. Galloway Township voters rejected the bond by a vote of 439 yes to 781 no. Egg Harbor City voters defeated by a vote of 29 yes and 118 no, and the tally in Mullica Township was 70 yes and 166 no.
http://www.pressofatlanticcity.com/communities/galloway/defeated-greater-egg-bond-referendum-won-t-be-revived-in/article_b94dc352-aa35-11e3-9d19-0019bb2963f4.html



                                        Greater Egg Harbor Regional School District
                                                       Tuesday, March 11, 2014
                                                            BOND PROPOSAL

The Board of Education of the Greater Egg Harbor Regional High School District in the County of Atlantic, New Jersey is authorized : (a) to undertake various improvements and renovations at Absegami High School, Cedar Creek High School, and Oakcrest High School; (b) to acquire the necessary furniture and equipment as well as undertake any site work; (c) to appropriate $36,998,000 for such improvements; (d) to issue bonds in the amount of $36,998,000; and (e) to transfer funds between the projects.

The final eligible costs for the proposed improvements approved by the New Jersey Commissioner of Education are $31,694,344 ($7,110,750 allocated to Absegami High School, $77,094 allocated to Cedar Creek High School and $24,506,500 allocated to Oakcrest High School).  The State debt service aid percentage will equal 54.6212% of the annual debt service required to finance the final eligible costs of the projects.  The proposed improvements include $5,303,656 ($1,290,000 allocated to Absegami High School, $1,761,156 allocated to Cedar Creek High School and $2,252,500 allocated to Oakcrest High School) for school facility construction elements in addition to the facilities efficiency standards developed by the Commissioner of Education or not otherwise eligible for State support pursuant to N.J.S.A. 18A:7G-5(g)

Vote  YES or NO  to the public question.
Polls are open 3:00pm to 9:00pm at the Mullica Township School, 800 Elwood Road, Mullica, N.J.
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 The annual property tax impact per $100,000 of assessed value would be $36 in Mullica based on a 20 - year bond at 3.75%

http://www.pressofatlanticcity.com/education/voters-in-three-districts-set-to-decide-on-school-bonds/article_4532da0b-a9ef-5390-8df0-4c31ed403dbf.html