Special Bus Vote on October 17

AVCS Bus Vote:

The Au Sable Valley Central School District will be holding a Special Bus Vote on October 17, 2018 at the MS-HS Cafeteria from 12:00 Noon until 9:00 PM for the purpose of voting on the proposal for three(3) 65 passenger buses. The district is proposing the purchase of 3 (Three) 65-passenger buses at an estimated maximum cost of $118,000 each for a total of $354,000. It is anticipates that 3 buses will be be retired from our regular bus runs due to age by the end of the year. Our district is very large with 300 square miles of coverage and the size of the fleet generally means that 2-3 buses per year are retired due to body and mechanical issues. All buses go through a rigorous bi-annual inspection by the NYS Department of Transportation and they will retire buses for safety reasons. The state aid share ratio is approximately 71.5%. The impact on the tax rate is difficult to calculate because the buses are paid over a 5 year period to coincide with the State Aid payments, plus the first payment isn’t due until a year after purchase of the buses. That being said, dividing the purchase over the five year period equates to less than 4 cents ($0.04) per thousand impact on the annual tax rate. The resolution will read as follows:

Proposition No. 1

“Shall the Board of Education of the Au Sable Valley Central School District (the “School District”) be authorized to purchase three (3) 65-passenger buses at an estimated maximum cost of $118,000 each, for a total aggregate maximum cost not to exceed $354,000, with such $354,000, or so much thereof as may be necessary, being raised by a tax upon the taxable property of the School District to be levied and collected in annual installments in the years and in the amounts as the Board of Education shall determine in accordance with section 416 of the Education Law with such tax to be partially offset by state aid available therefore, and in anticipation of such tax by the issuance of up to $354,000 of debt obligations of the School District”