Voters Give Thumbs Up To Owego Elementary Referendum
10/22/2013 (Updated 10:53:09 PM)Voters in Owego overwhelmingly said yes a referendum Tuesday night.
Both propositions passed with an 80% majority vote.'
Proposition 1, which authorizes the school district to issue bonds, passed by a vote of 684-to-170.
Proposition 2, which authorizes the school to expend funds from its capital reserve, passed by a vote of 690-to-166.
This voter approval gives the green to a plan to rebuild the Owego Elementary School, which was destroyed by the Flood of 2011.
FEMA will be covering 85-90% of the cost to rebuild the facility, however the aid only covers an exact replica of the previous facilities.
Additional funding provided by the state will go toward making improvements to the school.
Some improvements include an auditorium, a geothermal heating system and a book storage area.
The state will reimburse $9.4 million of the cost and the remaining $1.6 million will be covered by the local share.
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