Thursday, September 26, 2013

RSU community facing 'significant' tax impact


KENNEBUNK — Voters will be deciding in the coming months whether they will support $74.8 million in improvements to Kennebunk High School, Mildred L. Day School, and Kennebunkport Consolidated School.

The renovations are proposed at $53.55 million for KHS, $11.32 million for Mildred L. Day School, and $9.96 million for Kennebunkport Consolidated School. A proposed plan for the Southern Maine Center for the Visual and Performing Arts is moving forward separately and is proposed to be funded privately, with a goal of raising $20 million. If fundraising is successful, it would reduce the overall cost of the KHS renovation to $48.3 million.
The annual impact of the $74 million renovations, in the highest year to be paid of the 20-year bond and based on $300,000 of assessed property value, would be $486.90 for an Arundel resident, $498.84 for a Kennebunk resident, and $438.09 for a Kennebunkport resident. That breaks down monthly to $41.57 in Kennebunk, $36.51 in Kennebunkport, and $40.58 in Arundel.

"I will say there is a bit of a sticker shock here,"


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