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The interior improvements cost $18M. Why are they asking for nearly $50M? Yes, the state will pay for 53%. The state has over 20M people. I would guess Bellmore/Merrick has less than 75,000 people. Did you know there are only 6,000 students in the district according to Wikipedia. I received something in the mail stating that all of these improvements will save nearly $2M a year in operating costs. Sounds great. If they are talking about a 15-18 year bond, then shouldn't this pay for itself? I understand you still have to pay upfront, but shouldn't that mean the district doesn't need to raise their budget by 3-6% for the next 15-18 years. Why hasn't anyone committed to that? It is because they plan on taking the savings and spending it somewhere else. Other places in the country do not pay $10,000 a year in taxes on a $400,000 home. The schools are just as good.

Here is my question which I cannot find an answer for; how is the state aid determined? Is it 53% of the project total or is it $26M. Every business when deciding to spend money comes up with a number of alternatives. How much would the state pay if we did just the interior improvements?

From: Support Bellmore-Merrick Central District's $49.89 million

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