Scope & Eligibility
○ MSBA reimburses roofs more than 25 years old
■ HS Built in 1997
■ MS Built in 1958, Sections repaired in 1997 & 2011
○ Construction to replace the High School roof & repair qualifying sections of the Middle School roof
● Project Cost Overview ○ Total construction cost: $10,864,548
● MSBA Reimbursement ○ Approved Oct 29, 2025, at a 59% reimbursement rate.
○ Total Estimated Max Facilities Grant: $6,111,695
● Local Funding Share - Remaining local cost: $4,752,853
○ District to issue 20-year bond
○ Estimated cost of Bond (Principal & Interest): $7,057,471
■ Templeton(85%): $5,998,850
■ Phillipston(15%): $1,058,621
● Tax Rate Increase
○ Phillipston: No impact due to funding through reserves
○ Templeton: Approximate $95.19 annual increase to the average single-family home
At $95.19 per average home it means that over the 20 years the average taxpayer would be requested to pay $1903.80.
ReplyDeleteAt the end of 20 years, this being a debt exclusion and not an Override, the $95.19 per year gets removed from the tax roles in 20 years.
What are the alternatives?
We can not repair the roof and allow the 36 present leaks to increase, decay steel beams, grow mold and make the building uninhabitable.
We could deny this present package were the MSBA is paying 59% of the bill and go it alone and pay 250% more per year (paying 40% now compared to 100% if we pass this opportunity)This would mean the average home in Templeton would be paying $237.98 per year or $4,759.50 over the 20 years. This assumes no added costs for our delay.
Personally I choose $95.19 per year for 20 years.
Please vote yes at the special election on January 6, 2026
Robert May
Every Templeton Department Head knows the debt schedule and has pet capital projects lined up to replace any retiring debt.
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