Freehold Twp. March 11 Referendum Virtual Forum Recording

This virtual forum held by the Freehold Township Board of Education on February 21, 2025, focused on informing the community about an upcoming bond referendum scheduled for March 11. The referendum seeks voter approval to borrow approximately $135 million through bond sales to fund critical capital improvement projects across the district's eight schools. Key projects include extensive upgrades to HVAC systems, roofing, electrical infrastructure, security enhancements such as secure vestibules and classroom door installations, and building envelope improvements. The board emphasized the fiscal responsibility of the referendum, highlighting that state aid could cover up to 40% of the costs, significantly reducing the local tax burden. Financial advisors explained the bond issuance process, projected tax impacts, and the competitive sale of tax-exempt municipal bonds. The forum also addressed the consequences if the referendum fails, including the inability to access state aid and the need to prioritize urgent repairs over comprehensive upgrades. Questions from the community were answered regarding project scope, funding, timelines, and the impact on taxpayers. The board encouraged residents to review updated information on the district website to make an informed decision at the polls.