Taxpayers in the South Colonie Central School District will vote on a proposition which will award the district seven new school buses totaling a maximum estimated cost of $634,000.
For homeowners in the South Colonie Central School District, the tax impact is as follows (per $1,000 of assessed value): Colonie homestead, $0.025070; Niskayuna homestead, $0.016477; Guilderland homestead, $0.020321; Colonie non-homestead, $0.028384; Niskayuna non-homestead, $0.018934; and Guilderland non-homestead, $0.023780.
The proposition, called Proposition No. 1, calls for five 66-passenger school buses to be purchased at $103,500 per vehicle; one 24-passenger/two-wheelchair bus to be purchased at $107,500; and one 7-passenger Suburban transportation vehicle to be purchased at $34,000.
District officials say the district will receive an estimated $25,000 trade-in value on buses that are currently owned by the district but that will be taken out of service. In addition, the district is eligible to receive state aid that would be borrowed over a five year period up to 55 percent of the purchase, which would bring the district's net cost down to $317,396.
Residents will be able to go to the polls and vote on Thursday, Oct. 23 from 11 a.m. to 9 p.m. at Forest Park, Roessleville, Saddlewood, Shaker Road and Veeder elementary schools.
For more on this story, check back at www.spotlightnews.com, or read the Oct. 8 print edition of the Colonie Spotlight.