Referendum Brochure - Northern Valley Regional High School


Bond interest rates are very low
now and likely to rise in the
near future
Supports both High Schools, all
students and many residents of
all 7 communities

Maintains and increases
property values for all 7 of our
highly desirable communities

Temporary band-aids on old,
beyond-repair areas are not the
best use of hard-earned
taxpayer dollars. HVAC
replacement, for example, will
be more efficient and will save
taxpayer money going forward!
Postal Patron

Northern Valley Regional High School District
162 Knickerbocker Road
Demarest, NJ 07627
We typically get little or no
state aid. These projects are
already approved for 36-40%
debt service aid
Referendum 2015
links to information sites

www.nvnet.org
Key Talking Points
Referendum 2015
Interest Rate assumption: 3% for 15 years
Ratable Source: County Abstract of
Ratables (2014)
Referendum
Please VOTE on
March 10, 2015
2 p.m. to 9 p.m.
NONPROFIT ORG
US POSTAGE PAID
PARAMUS NJ
PERMIT #651
ECRWSS
$49.36
$57.29
$43.80
$59.96
$34.70
$45.50
$65.04
High School District
2015
Estimated Tax Impact Per Year of
$13,173,147
Bond Referendum
Closter
Demarest
Harrington Park
Haworth
Northvale
Norwood
Old Tappan
Northern Valley Regional
A Needed Investment
For our Students…
For our Schools…
For our Communities…
Scope of Project by School
NV Demarest HS:

Tennis/Basketball Court and Track
Replacement

HVAC and Emergency Generators

Renovate Classrooms into S.T.E.M.
Labs

New Forensic Science Lab

Auditorium Updates and Security
Camera Updates

New Self-Contained Special
Education Building (Junction)
NV Old Tappan HS:
Frequently Asked Questions
WHY DO WE NEED TO HAVE A BOND REFERENDUM?
A bond referendum is the only way that a Board can borrow money to finance capital
improvements over a long period of time. Otherwise, major improvements can only be done in
small increments over a long period of time.
Our facilities are all aging and cannot be addressed piece-meal over a long period of time.
The annual cost of “band-aids” to keep these systems functioning has become a burden on the
district’s operating budget.

Tennis/Basketball Court and Track
Replacement

HVAC Unit Replacements
WHAT IS THE IMPACT OF THE STATE’S FUNDING FOR THESE PROJECTS?

Renovate Classrooms into S.T.E.M.
Labs

New Physics Lab
Since the State Department of Education deemed almost all of the projects eligible for the
highest level of aid, the State has committed to pay 36% of the eligible costs of the projects.
This results in the taxpayers only being responsible for 64% of the costs. The State will make
this contribution by debt service aid.

Auditorium Updates and Security
Camera Updates

Security Lights/Cameras

Athletic Facility Upgrade

South Gym Floor Replacement
WHY ARE THE PROJECTS NECESSARY?
Maintaining our school buildings for current and future use is a basic responsibility of the
District. Our students need a healthy, safe atmosphere for learning. The Board of Education
annually budgets for ongoing maintenance; however these projects are too expensive to fund
within a single year.
For more FAQ’s, photos, and more detailed information please visit
www.nvnet.org