Um eventually we will hit the trigger number for SFD if they don't switch their funding. Obviously their funding is fluctuates yeartoyear. So um but that is correct. Eventually we will hit that number to have them help us with a high school. They don't necessarily pay for the entire high school. They help us um with the high school. Thank you. I got a question about the comment on taxes. How did we use the slogan that we were going to keep taxes the same if we passed 127 million last year when if we pass 100 million or 99 million taxes go up? Um, no. Uh, it's it's I I understand what you're saying. So, it's it's how we sell the bonds. Mary Dell, do you want to talk about that? So, we we control the tax rate based on the issuance of bonds. So Mary Dell can kind of explain that a little bit.
Um, so one of the big changes we made this year or we're going to make next year is um providing service for all of our elementary students to have kids connection in every elementary building for asiggo 308. I think that's huge. Um, so if you reside um in in the elementary community, your home school will offer that program. Typically, we transported students from buildings that offered that service to another building. We will no longer provide that shuttle service. So, they will have kids connection in their buildings at every elementary school. Yes. Um daycare is going to fall into this alternate drop off pickup. Um and what that is is we provide service to students that are within their home boundary to their school provided that they are eligible rider. the previous slide deck of what an eligible rider is as well as um their stop is along the bound the route for that particular school.
So, anyway, that is the uh update that I have for you all and I'd ask if you have any questions. The two things. One, real quick, thank you for putting the range. I very much appreciate that. I know I've I've probably driven you crazy asking for that in the past, but I do appreciate that it gives us a good idea of where we're where we're headed, right? It may not give a perfect number, but it's uh it's going to be much better than 83 or whatever it was a couple of years ago. So, that's that just shows that the things are being done the right way and that there is progress being made. The only question I had was uh like one or two slides where the parent contact are we really really close to 100%. Oh are you struggling having to get parents to respond?
Sure. This would be on spring break. All right. Do we have a motion? Motion. Motion. Do I have a second? Second. Any further discussion? [Music] Board member to go. Right. Yeah. Hearing no further discussion. All those in favor?
That's that 24.66% of the 365 days in a year. Uh the revenue that we've received for that is just again under 25% but the percent of the budget expended is just under 19% and that's where we get that extra $850,000 uh to go in our cash balance. So uh we're right on track. This is the end of the first quarter in terms of the budget cycle. So, you would anticipate around 25% of those monies being received uh at this point. And that's that's right where we're at. Um if we move on to the debt service fund, um actually I I do want to say one other thing about the operation or the education fund, I'm sorry. Um, so that is based off of our ADM and that is the amount that we're receiving that 3.3 million currently is based off of our October ADM count.
949 left to go in this game. It's going to be Hollston ball right here. I was going to say right at the 50, right? Mhm. This is Broaddsky with it. Dishing off to Anastasia to Mckeligot. slowing it down. He's making the changes. Letting the team. Ah, he was grabbing a different stick. Anastasia was h different faceoff stick. That was the use this in case of an emergency. The guy got up to Anastasia. Anastasia. I don't know how he was able to keep that ball, but now ball is in the stick of Miguel got. Miguel got dishing it off to Roi. Roby back to Miguel got in a dangerous situation. Whoa, nice play from Gizen. And how does he still have that ball and like I know what and he gets taken out in the side by Fiori but no call. Holl loses possession. It's going to be Raider ball.
Chapman to Hermovic. Hermovic all the way over to Chapman again to Finn. They're down five with a minute 45 to go. If West Springfield wants something to happen, they got to kind of uh start pushing it a little bit more. You saw Meadow patiently sit back and let them pass the ball around for the final two minutes if they want, but Carney gets the foul as the clock is going to run down. That's a good foul and Ray pole to slow the clock down even more and only for her to just get in front of her. West Springfield still getting the ball back around to Carney. West Springfield's going to chew up the clock on their own self for the last two minutes. [Music] Ball bounces around. Jenna Holly with a save. gets the ball behind the net. Spartans have 44 seconds left. She gets the ball up to Mckne.
You have employees. You have students. That's your customer. Where are the taxpayers? Where are your stakeholders? A good, honest, healthy review of every budget, quarterly, yearly, is healthy. Make the decisions, but not based because they spend more. We need to spend more. In closing, I urge you to vote no. Take the additional $9 million. May I finish, please? I will wrap it up quickly. Take the additional $9 million out of the budget. Call a special meeting and pass a responsible budget. Doing right by the kids. What? Please wrap it up. I am doing right by the kids. I know you're doing it. You told me right here. Do right by the taxpayers this evening. Vote no. [Applause] Good evening. My name is Angel McDermott. I am the NJA representative for the EAM Township Education Association. First, I want to assure you that regardless of the outcome, you will not have any bus drivers coming to your houses and terrorizing you as suggested on social media.
[Applause] Also also I'd like to recognize Ganna Eveina. We recognized her at our council meeting last week. Her uh she's a straight A student. You you heard Mr. Riggs up here saying it, so I'm not going to bore you with very very impressive what this young lady does. Practices 5 days a week, uh you know, trains with boxing, uh jiu-jitsu, MMA fighting, and and still gets straight A's. That's very impressive. So, I want to congratulate her. And like Mr. Rig said if there's anything that we can do to support her as a as a city, let let's all uh get together and do that, please. So, I want to congratulate her and the family. Now, Miss Neridge, you know, you did in your little report that we got two bottle stations filled. You got stickers placed somewhere. I I didn't really hear you because there was I just didn't hear you correctly.
It's an additional tax to our taxpayers, but we control the rate at which they pay the tax. So Mary Dell, right? So Madam President, members, so yes, the way the current bonds uh we have four fiscal years remaining on the current existing bonds and so they currently are at about 83 cents to every 100,000 of assessed valuation. And so the ongoing um payment structure is about 83 cents.75 cents um 61 cents and ultimately the final payment is about 29 cents. So in working with our underwriter on how the restructuring and the financing would work is at that year the first year that the bonds um if if approved would be phased in. They would layer into the currently already decreasing tax rate. So it would phase in so it never exceeds what the current tax rate currently is. Um, and then ultimately when our current existing bonds phase out and are fully paid off in fiscal year 28, the ongoing rate is still essentially half of what we've currently been paying because it will be issued out um paid over 15 years or so.
So they have to be eligible for service. It has to be along the school route for their school. Um if it's a daycare again it has to be within that boundary for the school that they reside in. um before we were transporting students from other schools um regardless if they were eligible for service or not and some of the stops were uh miles away from their school. So that is something that we have from an efficiency and finan financial stability standpoint um we are um looking to reduce next year. I I just want to underscore that. So in a typical scenario, you're going to move students within the boundaries of their school area. Correct. What however it happened, we're not going over time that expanded to wherever you wanted to go, the child was taken. So typically I live here. I get I'm do bus service from my home to school and then after school to a different location within my school boundaries.
Thank you for the question. Uh you suggested to us last year that it would be very helpful if we paced ourselves so as to reach 100% before the end of the first semester. Last year we took an approach like we're going to talk to all the parents before the end of the year. Um, I'm happy to report that we were able to talk to 100% of everybody before the end of first semester. Thank you. Go ahead. I have one comment and then I have a question. Um, so Mr. Glick and I had the opportunity to sit in on a cohort meeting at East and it was a phenomenal experience and it was great to see them working hard at this was for the sophomore class but working hard at this same achievement. Um I one of the questions I asked them is were there any barriers to what they're doing?
Any opposed? That motion will carry. All right. We have a request for the GMS floor proposal. Yep. Um so, uh obviously, uh through the middle school project, we were able to um make some improvements um to some of the flooring and you might just recall just recently uh to extend that work um throughout the hallways. um if you've been in those some of the classrooms or even the cafeteria the final remaining areas need uh need completed and so we've have some pricing extended by Blakeley's um they were original part of the project they did this did the secondary work and essentially this would finish off um uh most of the areas um with the new flooring to just we have some carpet that's absolutely terrible shape and tears stains Um, so we would be replacing with a similar similar color, you know, the gray and the purple accents.
Uh, that could change and will change more than likely uh because our February count has been submitted. Um, so you may see some adjustments from what the state sends us in that uh actual budget amount uh coming up. Typically our ADM goes down in the spring because of uh mainly because of early grads and and things of that sort. So that that dollar amount that we could receive uh starting in April uh may go down and they will also have adjusted that back to January because the February count day affects the budget from January to June. The October budget impacts from July to December. So they'll make that one adjustment u going back to January and then moving forward in May will be a steady amount um until the October count day. Okay. So moving on to the debt service fund. Again this is a fund that uh we don't necessarily set a budget for other than it's the amount of uh money that we owe on certain uh bonds and leases.
Great defense from the Raiders and there was no call on that little push cuz it was just all advantage. Yes. 8:30 left to go in this game. Raiders bringing it up into the Hollison zone. Kramer pass to Olsen. Olsen. Going to wait for the fresh midis to come out. Now Atwood with it right around that 41. Oh no. That's a tough one. Tough. Yeah. Tough little mishaps by Simon Hart. Those are so tough. It's like a, you know, if you're a baseball player, like playing shortstop or something, you know, the infield stuff, it's tough. Yeah. And it's not like in baseball where you can really get the knee down and make the play. You just hope that you get it with your stick. Yeah, exactly. [Applause] and Kelly. Great pass, but nice defense from no other than Teddy Olayer, a speedy running back. He stepped out of balance, I think.
Makney has room. Gets around the corner. Ke over the restraining line. They have 30 seconds left. And nobody from Westside's even attempting to put pressure on the ball. off sides West Springfield. Kenna Marino gets in, gets the ball to Calibers. Calibers trying to get get a one-time on that and the ball run out of bounds. Spartans end up winning 1813. That's the final. Have a good night, everyone.
The purpose of the letters has been done by many associations throughout New Jersey to get your attention. As you are aware, earlier this year, the association took a vote of no confidence and shared it with you in the leadership of Dr. Smith. The education, the bus drivers wanted to ensure that you receive their messages in a means that is not controlled by the district. You will be voting tonight on a proposed budget that eliminates all but four drivers. Mr. Yates stated that privatizing will save 800,000. But what will the cost be? One slide showed that for this year 2425 the cost was upwards of a little over or more over 6 million, but next year was 9 million. 800,000 savings, but you're spending almost 2.2 million more. How was that savings? Over spring break, several of the drivers met to review bus runs to see how the district could be more efficient and save money.
uh guardrails, which is way overdue. The guardrails should have been put up when that field was open because it's very dangerous over there. Um the back stop extension. I was going to bring that up. I'm sure it had to get out somehow because mysteriously now it's already on order, back order. That thing should have been put on. That should have been ordered a long time ago. I'm getting calls from residents in that area that the balls are going in their yard and it it shouldn't. I mean, it's not nothing big to get an extension. It's not nothing big at all. It should have been done. And you also said, "We're getting LED lights." I want to bring this. Do you remember this, Mr. Status? You could take your stickers, your LED lights, and your two bottle stations. What about the boilers that give our children heat during the winter months?
I think that is the recommended um structure is over 15 years. And so ultimately, yes, if the current existing bonds are paid off, there would be no no tax at all. Um, but this phasing these in doesn't cause a tax rate to go up. It will still just be an ongoing flat rate, if not a decrease ultimately when the current bonds are paid off entirely. So $30 million won't make a difference. We can I mean that's what I'm hearing. I mean, maybe I'm confused, but I mean, $30 million is a lot of money, and if we told everyone at 127 million last year, taxes, we're going to stay the same. We take $30 million off that, I mean, can't we just do the same thing where we can actually lower taxes while we do it? U Madam President, members, yes. So, there were a few options discussed at the study session.
But over time that expanded to be essentially wherever you within the district you may need support to get to which is beyond the scope of what the first of all the cost is pretty expansive then and it expands it. So I just want to underscore that point there for us to understand because I think that was beyond and so which is why it was really important to include as part of this change management process the opportunity to make sure that we would have daycare services. I mean uh we would have after school services I should say in our respect in all of our schools. Yes. And and we do have daycarees along the route of those schools and so as long as that daycare is within the route. Yes. Um and the home school boundary will continue to transport from those daycare. So the hazardous study again as we all know we had not done a hazardous study in our district for quite some time.