Sentences with phrase «borrowing for school construction»

Exceptions include interest payments on voter - approved borrowing for school construction and renovation.

The baseline is used in calculating tax restrictions on individual school districts, which vary widely depending upon exceptions allowed under the law, such as voter - approved borrowing for school construction and renovation.

Not exact matches

The mid year financial report released by Cuomo's budget office says options to close the gap include more cuts to state agencies, delaying payments to local governments and schools, suspension of some construction projects, and even borrowing money short term to pay for operating expenses.

The IDC wants to create a $ 400 million construction trust fund for schools, a proposal that comes after voters approved $ 2 billion in borrowing that's aimed at school infrastructure and technology spending.

By Sean Ryan and Joe Yovino [email protected] [email protected] The powers of persuasion hit a frenzied pitch in Whitefish Bay as a pre-referendum debate raged over whether or not to borrow $ 22.6 million for school construction and maintenance work.

Schools districts that rely on bond insurance to help them save money on the borrowing they do for construction projects and special programs could be affected by major ups and downs in that industry, at a time when many districts are already nervous about state budget cuts and a sagging national economy.

U.S. Rep. Charles Rangel (D - N.Y.) again introduces the «America's Better Classrooms» Act, which would enable schools to borrow more than $ 25 billion interest - free for school construction and renovation.

Since then, U.S. Rep. Charles Rangel (D - N.Y.) has again introduced legislation known as «America's Better Classrooms» Act, which would enable schools to borrow more than $ 25 billion interest - free for school construction and renovation.

That's because officials in Chicago Public Schools ignored demographic projections of declining enrollment and borrowed billions for construction anyway — while contributing nothing to teacher pension funds for a decade.

What he failed to explain at that big press conference was that while taxpayer are on the hook for hundreds of millions of dollars in new borrowing to pay for the construction of new magnet schools, Malloy failed to provide the funding needed to actually open the school and fill the classrooms.

Mayor Rahm Emanuel said Monday that cash - strapped Chicago Public Schools is likely to borrow against a $ 45 million property tax increase he's proposed in his budget for school construction.

Before the bill became law, local governments had to provide for school facilities either through direct appropriations for construction, by borrowing money in the form of bonds or leasing existing buildings.