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Schenectady schools eye $70 million project
SCHENECTADY- Schenectady schools Superintendent Larry Spring says he is asking tax payers to borrow $70 million with a promise the state will pay them back.
Eying a capital investment project that would close one elementary school and move students in grades 6-8 out of buildings with younger students, Spring is asking the taxpayers to approve a bond that would allow the district to borrow the $70 million necessary to make that happen.
There is a caveat, Spring says, the state would pay the district back the money after the project is complete. Thanks to a grant and other aid the cost of the project would not be an extra burden to Schenectady taxpayers, a group of people Spring knows first hand pay a lot already to fund his schools.
"They pay a pretty good buck for property taxes," said Spring Thursday. "(And) this is our opportunity to make sure we get some of that back."
Under the plan the district would open three middle schools to house students in grades 6-8, and close Elmer Ave Elementary.
Taxpayers will vote on the issue March 25th.