Voters Approve Additional $5.8 Million for Bancroft School Construction
Andover Special Town Meeting voters approved $5.8 million to fund the further construction of the Bancroft Elementary School.
With the Bancroft Elementary School now 25 percent complete, Special Town Meeting Monday night gave the green light for spending $5.8 million more on the $44.6 million school project.
The town needed more funding for the school project in order to cover unanticipated legal fees as well as higher than anticipated costs for certain stages of construction.
The Town is receiving $16.7 million from the Massachusetts School Building Authority for the project in the form of a grant.
Largely being funded through a debt exclusion, the $5.8 million approved Monday night should increase the average residential taxpayer's bill by $24, with the entire school project costing a $181 increase in the average residential taxpayer's bill.
Several residents spoke for and against the single article on the warrant, some saying that the vote should be delayed.
Read a full article about Monday night's meeting tomorrow morning at 6 a.m.