OLEAN – Voters in the Olean City School District gave approval by supermajority margins in a referendum Tuesday on two capital spending propositions totaling more than $16 million.
The first proposition, which would cover $12.15 million in repairs and improvements on all four of the district’s school campuses, was passed, 345-125. The proposal requires no increase in property taxes.
The second proposition, a $4 million measure which would add several dollars per year to tax bills, was accepted by narrower margin, 287-181, but still surpassed the 60 percent supermajority needed for approval.
District officials estimate that tax bills will increase by $5 annually on a property valued at $100,000 with a Senior STAR exemption, $9 for a similar property with a Basic STAR exemption and $13 for one with no exemption.
The first proposal will cover $4.7 million in repairs and improvements at East View Elementary School, $1.8 million at Washington West Elementary School, $2.6 million at Olean Intermediate Middle School, $2 million at Olean High School and $1 million in debt interest.
The second plan will provide an additional $3.5 million for projects at Olean High, where floors and bathrooms will be upgraded. Work is expected to begin in 2018.