2019 Capital Project
The Ithaca City School District is committed to providing safe, welcoming, and innovative facilities for students, families, and the community.
On May 21, 2019, ICSD voters authorized a $120 million, tax-neutral capital improvement bond. The bond will support the 2019 Capital Project, a district-wide, long-term facilities plan designed to enhance safety and security, upgrade teaching and learning spaces, and improve infrastructure at all ICSD schools. Construction of the proposed project will be completed in multiple phases over the course of 12 years, with Phase I work scheduled to begin in March 2020.
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 proposed project will be tax neutral.