A fully renovated Gloucester High School could potentially add up to approximately 22 cents to the county’s real estate tax rate—a move that several members of the Gloucester County Board of Supervisors have said they will not take.
In turn, county staff said it will be working to find ways to adjust the scope of the project in order to make it more affordable to taxpayers.
The supervisors discussed the county’s debt capacity and affordability of the GHS project during its meeting Tuesday night in the colonial courthouse.
County administrator Brent Fedors said there are several major factors that come into play when talking about debt service for the project. The first is the terms of borrowing and how those terms impact policy performance. The second is the scope of the project. “Right now, we haven’t talked about the size of the project except for what the school board has requested,” Fedors said.
Stephanie Tinsley, Gloucester’s dir...
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