127 residents urge Pelham voters to reject capital reserve proposition
To the editor:
We are writing to encourage the community to vote “no” to proposition 2 at the May 17 board of education election. This proposition would allow the district to create a new capital-reserve savings account in which it could deposit up to $10 million in past and future budget surpluses. It would effectively be an interest-free loan from taxpayers and allow the district to continue to maximize the tax levy while running significant surpluses.
It is important to note that we all support continued investment in schools, infrastructure and our children. That said, we believe our district already has significant flexibility to fund its needs given it has some of the largest savings of any district in Westchester County, and a community that has consistently exhibited support for any necessary educational and infrastructure needs. For reference, the district currently has a savings account of $21 million and an aggregated surplus of $8 million since 2014.
Lastly, but equally important, the $5 million surplus we accumulated during the 2020 and 2021 school closures could be transferred into this new capital reserve should it be created, which could greatly reduce the district’s financial flexibility to address any necessary Covid-19 recovery spending in the future. With all this in mind, we will be voting no on proposition 2 for the creation of the capital reserve, and we encourage you all to do so as well.
Scott Wolfgang
12 Sherwood Ave.
along with:
Albert DeSimone
Alexander Rende
Alexandra Bongo
Ann Rende
Bobby Courtien
Brandon Dammerman
Brian D. Hughes
Brian Ziemer
Carla Caccavale
Carolyn Frost
Carrie Liaskos
Chase D’Agostino
Chris Courtien
Chris Gallagher
Chris Russo
Clayton Bushong
Connie Carmody
Conrad Marrero
Cristina Chianese
Daniel Gretz
Daniel Nicastri
David Frost
David Hayes
Diana Barbieri
Diane Lanaro
Dierdre Clifford
Dina Mangiafridda
Dolores Tesoro
Donna Gammon
Edward Fabiani Jr
Emily Meehan
Frances Candela
Frank A. Barbieri
Fresia Kenny
George Baptista
Gina Flynn
Greg Morselli
Greg Silver
Gregory S. Coleman
Harry Tsavaris
Hope Shanahan
Hyde Harper
Janet Vitale
Jared Rey
Jason Feldman
Jason Fuqua
Jeffrey Bonanno
Jennifer Ziemer
Jessica Diamond
Jessica Russo
Jessyka Calzolaio
Joann Sannella
Joanne Case
Joe Dodaro
John Chianese
John De Chiaro
John Della Valle
John Fox
John Royce
Joseph Vitarello
Kate Fuqua
Katy Krassner
Kevin McGrath
Kimberly Mitrione
Kristina Aiello
Kristen Rice
Kristin DeSimone
Lauren DiDomenico
Lawrence Mele
Lisa Duffy
Lisa Harper
Lisa Tsavaris
Louis Bongo
Lou Marcellino
Madeleine Russo
Maria Dodaro
Maria L’Heureux
Mary Beth Mullins
Mary Gallagher
Matthew Pascual
Mehmet Albulak
Meredith Shur
Michael Flynn
Michael Reilly
Michael Tesoro
Michelle Marcellino
Michelle Matyko
Michelle Silver
Natalie Marrero
Nancy Reilly
Noam Gretz
Nicholas Lanaro
Nicholas Parisi
Pamela Argiriadi
Paul DiDomenico
Paul Duffy
Paul Reynolds
Paul Vitale
Paula Frezzo
Peter Liaskos
Regina Gallagher
Richard Gorski
Rita McLaughlin
Rob McGovern
Robert Parisi
Sal Russo
Samantha Vitarello
Sean Meehan
Shalini Vijayan
Stephanie Royce
Steve Shekane
Steven Aiello
Tanya D’Agostino
Terry Carmody
Theresa Bunyan
Theresa Pondok
Thomas Barbieri
Tim Case
Tracy Shekane
Vincenzo Mangiafridda
Vizu Vijayan
Will Treves
William Kenny
William Shanahan
Yasmin Jorge
Natali Wind • May 13, 2022 at 10:20 pm
Add my name too. I don’t know a lot, but I know this capitol reserve is not right.