On Tuesday, March 28, Glen Ridge will hold a vote on Referendum 17 that, if passed, would fund renovations at its schools and purchase the former Central School on Bloomfield Avenue, owned by Wells Fargo, to address its growing class size.
The total costs of the renovations at existing schools and the Central School purchase is estimated at $23,758,854.
According to the Glen Ridge BoE, the District has been awarded state funding of 18.20% of the debt service, which will reduce taxpayers’ share of the total cost to 81.80% or an amount not to exceed $19,434,743. The State debt service relief will only be available if Referendum 17 passes. The Board anticipates bonding the project over a 20 to 25 year period.
Polls open on Tuesday, March 28 from 7 am – 8 pm.