Spencer-Van Etten Central School District’s proposed $22.6 million capital improvement project—headed to a public vote on Dec. 9, 2025—would come at no additional tax increase to residents, thanks to a long-term financial strategy that leverages state aid, capital reserves, and debt service funds.
School Business Administrator Debra Eichholtz said the district’s planning ensures that essential upgrades in safety, accessibility, and energy efficiency will move forward without raising the tax burden. “As a result of thoughtful financial management and long-term planning, we are in a position to propose vital facility upgrades—improving safety, accessibility, and energy efficiency—without increasing the tax burden on our residents,” Eichholtz said.
The district’s approach is driven by its Building Condition Survey (BCS), a state-required assessment that identifies structural needs and long-term maintenance priorities. These findings confirmed the need for updates across all school buildings and support facilities. Like a home, school facilities require regular upkeep, and the cost of addressing wear and tear can eventually exceed what is feasible within the annual operating budget.
A major advantage of a capital project is access to New York State Building Aid, which reimburses a significant portion of eligible construction costs. Spencer-Van Etten’s aid ratio of 86.1% means the district would recover the majority of expenses—minimizing the local share and maintaining a 0% tax impact.
To fund the project, the district plans to use a combination of reserves and state-supported financing:
$2,593,596 from the 2020 Capital Reserve
Up to $1,906,404 from the 2024 Capital Reserve
$18,096,600 financed through bonds, with state aid covering $17,346,600
$750,000 from the Debt Service Fund to further offset costs
Using these resources keeps the project tax-neutral while allowing the district to address aging infrastructure proactively. By acting now, Eichholtz noted, the district aims to avoid costly emergency repairs that would not qualify for state reimbursement. “Proposing a capital project allows us to strategically plan how to maximize state aid and minimize the financial impact on our community.”
The project includes upgrades to the high school, middle school, elementary school, and the transportation facility, addressing everything from structural repairs to accessibility improvements.
Vote Details
Polls will be open from 12-8 p.m. at the Spencer-Van Etten High School Auditorium Lobby