The SAU school districts are committed to working together to achieve common standards and values that will result in graduates who are caring, productive, and contributing members of society.
A YES vote will support the construction of a new high
school building, probably near Old Town Farm Rd. in the northwest
portion of Exeter. A 2-3 year project which allows SST to remain on
its Linden St. site.
A NO vote will support the
construction/renovation of the current EHS facility on Linden St. It
should be noted that the $39 million already approved for that project is about $10 million
short of the needed amount. The delay caused by the lawsuit has increased the costs
considerably. Also consider the complications of
the 3-4 year process of renovating while students are in the building (i.e., rent modular classroom, double sessions,
etc.)
Building Committee Does the Math - An
Exeter News-Letter article about the Building Committee making
headway in answering abutters’ questions pertaining to the school
proposal.
New High School Proposal - Net new cost to taxpayers
Total Cost
$49,900,000
(minus) State Bldg Aid
27,445,000
(minus) Capital Reserve Funds
3,500,000
(minus) estimated interest earnings
400,000
Amount to be raised by taxes
$18,555,000
(minus) Funds already committed to renovation
project*
16,324,000
NET NEW COST
2,231,000
*Renovation project funds approved = $39,000,000. Subtract
$21,450,000 State Building Aid, subtract $900,000 Capital Reserve
Funds, subtract $326,000 estimated interest earnings = $16,324,000.
"What would be the net new cost of the new school on my tax rate?"
2004-2005 (first full
tax year)
2022-2023 (last year
bond is in tax rate)
Brentwood
.08
.1
East Kingston
.14
.18
Exeter
.10
.11
Kensington
.10
.13
Newfields
.09
.11
Stratham
.12
.14
"What would be the net new cost of the new school on my tax bill?"
Added tax per $100,000
assessed value (2004-2005)
Brentwood
$8
East Kingston
$14
Exeter
$10
Kensington
$10
Newfields
$9
Stratham
$12
Bear in mind these summaries don't show the total tax impact of the
new school; they show how it would change. That's what is
meant by "net cost". Voters already approved $35.5 million for the
renovation in 2000 and an additional $3.5 million last year to offset
increased costs (total of $39 million). These funds have already
been approved by voters and 70% is already in your tax bill. If
the new school is passed by voters, that $39 million would be
'cancelled' as part of the vote.
If the new school is not approved by voters, the School Board will
go ahead with the renovation approved in 2000. That $39
million would all be in the tax rate and would be spent. It is
estimated that because of rising costs, it wouldn't be enough to do the
whole job. The School Board says that if the renovation goes
forward, they would be forced to seek more funds next year. Latest
estimates to complete the renovation are about $49 million.
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