Price Is Same With Or Without School Bond – But Outcomes Differ

With or without the May 7 Bond, the estimated yearly obligation in the Chariho operating budget would be approximately $2.3 Million for all three towns. Charlestown’s share would be approximately $553,254 per year.

The big difference is that by passing the bond, Chariho will receive $112 Million from the state.

The May 7 school bond is the most fiscally responsible and educationally sound plan for the district. It provides:

  • 3 New Elementary Schools
  • Main Campus Upgrades focused on Safety and security
  • Elementary schools will cost less to operate due to energy efficiency
  • Students will have access to 21st-century learning facilities

If the May 7 school bond fails, a second and different bond will be attempted in November to address basic needs for HVAC, Plumbing & Electrical. This option does not involve any new construction or major renovations to our aging elementary schools. Because of less state funding for this option, the cost would still be approximately $2.3 Million for all three towns.

If the November school bond fails the district will only be able to prioritize emergency needs, but is still obligated to spend approximately $2.3 Million each year for the operating budget.

If the voters turn down the May 7 bond, Chariho will eventually need to replace or do major renovations at the Elementary Schools. The cost of those construction projects will not have access to this one-time offer from the state.

The state money comes from a 2018 state bond question to allocate $250 million for school construction. Charlestown voters approved that state bond question with 71% in favor. If Chariho voters defeat the May 7 referendum, this state aid, that Charlestown voters supported, will be directed to other districts.

Why not wait to renovate the schools at some future date?

  • The cost to renovate the elementary schools will likely meet or exceed the cost of a new building project
  • Incentives being offered by the Rhode Island Department of Education sunset in June
  • Industry experts agree that construction costs will never revert to their pre-pandemic levels. The current pricing we are seeing is here to stay, and will in fact continue to increase in the years to come

There are more questions and answers in the Chariho FAQ.

Early Voting at Town Hall
Early in-person voting is taking place now at Town Hall, anytime between 8:30 a.m. to 4:30 p.m., Monday through Friday, from April 17 to May 6.

Tuesday, May 7 is the all day Referendum
Voting will take place at Charlestown Town Hall, anytime between 7 a.m. to 8 p.m.