Reserve Fund proposition rejected
In a public vote held December 11, Hilton Central School District residents approved a proposition that authorizes the district to make capital improvements in the amount of $19.5 million. The vote was 785 in favor and 351 opposed. This project will have no impact on local property taxes and addresses renovations to every facility in the district. Revenue will come from available NYS Building Aid, the District Capital Reserve Fund, and NYS EXCEL Aid, according to a district press release.
The second proposition, which would have authorized the district to establish a Capital Reserve Fund with the maximum amount of $2.9 million to help fund future capital improvements, was rejected 546 to 573. The Capital Reserve Fund would have had no impact on local property taxes.
