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King says that the debt incurred by the project will replace debt for past projects that will have been paid in full when payment on loans for the new project come due in the 2016-17 school year. $210,000 of debt payments will pay for the SMART project, and $140,000 be used to fund the $4.1 million septic system replacement project scheduled for construction this summer. King says that rolling the debt into new projects means that needed capital maintenance can continue without incurring additional taxes.
The project includes everything from new boilers, music practice rooms and pool improvements at the high school to improvements to the Middle School Auditorium lobby, plus security items at the elementary school.
Work on the project is expected to be completed in the summer of 2016.
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