June 11 Capital Bond Proposal Information and Tax Calculator
Dear Rye Families,
On Tuesday April 23rd, the Board of Education met and had further discussions regarding the June 11 Capital Bond Proposal.
Fiscal Advisors and Marketing, Inc., the District’s bond advisor (and the largest municipal finance advisor in NY State), presented the financial details of the Capital Bond Proposal, including:
The cost of borrowing
The timing of borrowing
The impact of bonding on the District’s Aaa credit rating
Reimbursement by New York State
The impact of the bond proposal on individual taxpayers
The District also demonstrated a tax calculator that will enable every taxpayer in Rye to enter his or her own home value information and see the actual tax impact for their property. We recommend viewing and using the tax calculator on a computer and not on a smartphone or mobile device. A detailed instruction sheet for using the calculator may be found here. A video tutorial on how to find the assessment value for your home can be found here. The tax calculator can be found here.
For more information, please review the slide deck from the April 23 Board of Education Meeting, watch the video of the presentation and discussion (discussion begins at 4:35), and email us with any questions at email@example.com. In the coming days, detailed Capital Bond Proposal information will be posted on the District website.