District voters approve Capital Reserve Fund

Spencerport Central School District voters approved the creation of a Capital Reserve Fund by a margin of 221-206 on December 7 in a light voter turnout.

The proposition allows the district to create a fund of up to $10 million to support future facility projects such as building renovations. Any expenditures from this fund also will need voter approval. The fund will be created with any budget balances, if any, that are allocated by the Board of Education at the end of each school year. District officials note that most of the neighboring school districts have such funds.

The district proposed the fund because it is in a financially stable condition and the "timing is right" to begin saving for future renovation needs. Several of the district's older school buildings will need roof replacement in the near future and this fund could be used to pay for the district's portion of the costs.