$38.1M Moorestown Referendum Approved


By LISA HELEM     Burlington County Times         October 1, 2003

Moorestown voters approved a $38.1 million school district bond referendum by more than 600 votes yesterday.

"I couldn't be happier," Superintendent Kadri said. "I'm also very appreciative. I can't thank the community enough. They once again have given us the ability to achieve excellence."

The vote total was 1,727 to 1,119, school board President Cyndy Wulfberg said. With the approval, the district can borrow $38.1 million to pay for construction and renovation projects and, if available, purchase land next to the high school.

The vote also allows the district to cash in on the state's pledge of $8.9 million in grants, which will reduce the local share, or the amount funded through tax increases, to $29.1 million.

Kadri said the owner of a home assessed at the township average of $207,700 would see a tax increase of about $166 a year.

Bond money would be used for improvements at five of the district's six schools, excluding the Upper Elementary School. Kadri said he hoped construction could begin this spring.

Yesterday's referendum was the third in the district in less than 10 years. All were approved.

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