Pursuant to the Articles of Agreement for the Timberlane Regional School District, the Timberlane Regional School Board will hold a public hearing on Thursday, February 26, 2015 at 7:00 pm at the Performing Arts Center, 40 Greenough Road, Plaistow to discuss ballot article number 10 which proposes to amend the Articles of Agreement on petition by Shawn O’Neil et al by replacing Article #5 and Article #6 from the April 30, 1964 Articles of Agreement with the following:
5. The operating and capital expenses of the Timberlane Regional School District payable in each fiscal year shall be apportioned at a rate so each pre-existing district pays the same local school rate of taxation based upon the equalized valuation as most currently available as determined by the State Tax Commission. All forms of aid and local school impact fees from each pre-existing district will be applied to reduce the operating and capital expense before apportionment.
A copy of the existing Articles of Agreement is available at www.timberlane.net and at the Superintendent’s Office.
This forum will allow individuals the opportunity to present their views on the matter prior to voting at the March elections.