Spencerport Schools capital reserve fund vote December 7

Approval for the creation of a capital reserve fund for the Spencerport Central School District is being put before voters on Tuesday, December 7 when they go to the polls. A Capital Reserve Fund would be used to pay the local share of future facility construction and renovations.

School Superintendent Phillip Langton said, "The Board of Education is proposing to establish a savings account to pay for major repairs to our facilities so that we will not need a tax increase when these events occur."

According to Langton, projects in the district's foreseeable future, are: substantial roof repairs, parking lots and roads will eventually need re-paving, technology infrastructure has to be updated and the district will have other major repairs periodically.

The proposition gives the board the authority to place any funds remaining in the budget at the end of the year in the capital reserve fund. If approved, this vote will allow the board to set those funds aside for future renovation needs.

The purpose of the fund is to finance site work, construction or reconstruction and equipping of school buildings and facilities, can not exceed $10 million and can not be used for any other purpose. State aid will still be available to pay for a portion of future projects, but this savings account is designed to pay for the local share when these renovations are needed. At that time, voters also will need to go to the polls to authorize any expenditures from the fund.

The December 7 vote will take place between noon and 9 p.m. at the district Administration Building, 71 Lyell Avenue. All district residents age 18 and over who are U.S. citizens may vote. Voters do not need to own a home in the district, but will need to show identification. For information, call 349-5104.