Revolving Renovation Projects

RSU 3 invites community members to attend a Public Hearing on Monday, May 1, 2017, at 6pm in Room M111 at Mount View. The purpose of the hearing is to discuss the proposed School Revolving Renovation projects and funding for renovations at Troy Central, Morse Memorial, Monroe Elementary, and Walker Elementary Schools. The state has approved $1,263,954 for RSU 3 to address needed health and safety, and accessibility improvements. Of the $1,263,954, the state pays approximately 68%, which amounts to $799,577. The remaining amount (local share) of $464,377 would be financed for 10 years, at 0% interest. This would result in a ten year budget commitment of $46,438 per year for 10 years, beginning in 2018-2019. A referendum vote will be held on Tuesday, May 9 in each of the towns of RSU 3 for final approval of the voters.  

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