Point Pleasant Voters Say Yes to a $16 Million School Bond Referendum
By a slim margin, Point Pleasant residents gave a thumbs up for a $16 Million dollar school bond referendum. During a special election Tuesday, 940 registered voters said yes and 846 registered voters said no to a plan to sell bonds to cover the cost of school facility repairs and boiler replacement in the district.
According to the district's web site, Officials said the State has committed to fund 40% of the $15,948,300 referendum's lifetime principal and interest payments, which is roughly $9.3 million dollars over the bond's 20 year life.
Read about this Story in the Asbury Park Press