2019 Capital Project
As of 5:00 p.m. on March 27, 2020, all capital project construction is temporarily shut down per Governor Cuomo's Executive Order 202.6. |
On May 21, 2019, ICSD voters authorized a $120 million, tax-neutral capital improvement bond to support the 2019 Capital Project. This district-wide, long-term facilities plan has been designed to enhance safety and security, upgrade teaching and learning spaces, and improve infrastructure at all ICSD schools.
Construction of the 2019 Capital Project will be completed in multiple phases over the course of 12 years, with Phase I work scheduled to begin in 2020 and Phase II work scheduled to begin in 2021.
The ICSD will pay for the 2019 Capital Project using a combination of State Building Aid and debt retirement — as the District pays off old debt, it will take on new debt to fund the improvements. This system of debt retirement will stabilize the debt service line in the ICSD’s annual budget and, as a result, the capital project will be tax neutral.
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Have questions or comments about the 2019 Capital Project? We'd love to hear from you!Facilities Committee Work Sessions: Capital project updates and discussions often occur during Board of Education Facilities Committee work sessions, which are open to the public. The next work session will be held by Google Hangouts Meet. When: Thursday, April 9, 5:00-6:30 p.m.
Join by link: https://meet.google.com/var-jyjd-ftv Join by phone: +1 662-487-6264 (PIN: 238706597) Let's Talk!: Send us your questions and comments 24/7 via the Let's Talk! portal on our website. |
