CHOICES AND IMPLICATIONS FOR SCHOOL BUDGETS
Seventy-cents of every dollar you pay in property taxes goes to support Shoreham-Wading River Schools. That investment is essential to ensuring area children get the education they deserve. But those taxes don’t fully cover the cost of additional children from a new subdivision. That has big implications for local budgets, as this chart demonstrates.
MORE HOUSES DRAIN SCHOOL BUDGETS
As the red curve shows 120 new houses on the golf course means more pupils in Shoreham-Wading River Schools. The property taxes those houses would pay won’t cover the total cost of additional pupils. Over the next 22-years, that would create a $6 million to $44 million hole. To fill that hole, the community would need to cut school budgets or raise property taxes.
[contd.] Shoreham Solar Commons vs. New Subdivision
SHOREHAM SOLAR COMMONS WOULD LOWER PROPERTY TAXES OR BOLSTER SCHOOL BUDGETS
By contrast, as the green curve shows Shoreham Solar Commons would generate between $12 million and $16 million in new tax revenue for Shoreham-Wading River, without adding a single pupil to the schools. That’s new revenue to improve schools or lower your property taxes
SHOREHAM SOLAR COMMONS – THE CLEAR CHOICE FOR GREATER REVENUE
Developing Shoreham Solar Commons, rather than allowing a new subdivision to be developed on the golf course will yield at least $18 million and as much as $60 million in revenue for Shoreham-Wading River Schools over the next 22 years. That’s a clear, convincing benefit for Shoreham!