Montclair Votes for $188 million Bond Referendum
Earmarked for School Improvements

Montclair voters overwhelmingly supported the bond referendum to undertake $188 million in capital improvements to be financed with 3 bond issuances over the next 6 years. The State of NJ is contributing $58 million in debt service.

Budgeted are much needed upgrades and deferred maintenance projects, with HVAC system improvements making up the largest component.

The expected tax impact will be $732 annually for the average household over the 20 year life of the bonds. While no homeowner likes a tax increase, money spent on schools is largely recouped in property values as good schools are a driving force in attracting buyers to town.

Learn more at the PTA Council website
https://montclairpta.org/rebuild-montclair-schools/#link-popup