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Propositions

What You’ll See on the Ballot May 15, 2018

 

PROPOSITION 1
Shall the Board of Education of the Kinderhook Central School District be authorized to expend the total amount of $40,190,782 during the school year 2018-2019 and to levy the necessary tax therefor?

PROPOSITION 2
Shall the Board of Education of the Kinderhook Central School District be authorized to: (1) acquire school buses, at a maximum aggregate cost of approximately $476,020; (2) expend such sum for such purpose; (3) levy the necessary tax therefore, to be levied and collected in annual installments in such years and in such amounts as may be determined by the Board of Education taking into account state aid, trade-in value and rebates; and (4) in anticipation of the collection of such tax, issue bonds, notes and/or installment purchase
contracts of the District at one time or from time to time in the principal amount not to exceed $476,020, and levy a tax to pay the interest on said obligations when due?

PROPOSITION 3
Shall the Board of Education of the Kinderhook Central School District be authorized to: (a) establish a Capital Reserve Fund pursuant to §3651 of the New York Education Law to be known as the Facilities Improvement Capital Reserve Fund in an amount not to exceed $5,000,000, with a probable term of ten (10) years, to be used to pay the cost of the reconstruction and improvement of District buildings, facilities and grounds, site work and other incidental improvements, and (b) appropriate from available fund balance and/or other legally available funds of the school district to such Facilities Improvement Capital Reserve Fund?