Financial Facts

Below are the estimated costs and tax impact for the 2022 bond issue projects.  The District will continue to work with our Construction Management at Risk company to ensure the projects are completed under the total of $153 million, however, the price for each project may change.

Click Here to download a PDF of the cost breakdown for items on the bond issue related to the 2nd high school.  This cost breakdown does not include the District safety and security upgrades nor phase II of the District stadium expansion.

Estimated Costs

New High School $135,869,025
Career & Tech Classrooms $    3,605,827
Stadium with Turf $    3,481,727
Post Tension Track $    2,175,580
Softball/Baseball Fields $    5,003,601
District Safety & Security Upgrades $       350,000
High School Tennis Courts $    1,946,708

High School Stadium Expansion
$    1,270,444

*Total cost of all projects is $153,702,912. Bennington Public Schools will be using $702,912 of the District budget for items in the 2nd high school like technology.

Total Cost of the Bond Issue
$153,000,000

Tax Impact

$153 million bond issue

  • $0.10 per $100 of valuation
  • $300 annual increase on a $300,000 home

$25.00
per
month

Financial FAQ

The Bennington School District has continued to see significant growth and the Board has tried to address this growth with a building plan that will accommodate the additional children coming into the system. These projections, plans and development of strategies have always been cognizant of the bond levy and its impact on District taxpayers. The projections for bond issuance and debt service have attempted to mitigate the impact of tax levy increases. This strategy keeps the bond fund levy manageable for the existing taxpayers and allows for the debt service burden to be shared with future residents and taxpayers, which is the reason for the improvements and additional debt. 


Bennington Public Schools will continue to update questions below regarding Bond Fund information throughout the coming months. We will add new information as needed and update responses as the District gathers input from the community. 


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