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  2. Board Of Aldermen - Minutes - 11/9/2016 - P3

Board Of Aldermen - Minutes - 11/9/2016 - P3

By dnadmin on Sun, 11/06/2022 - 21:33
Document Date
Wed, 11/09/2016 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Wed, 11/09/2016 - 00:00
Page Number
3
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__110920…

Board of Aldermen Page 3
November 9, 2016

From: Mayor Jim Donchess
Re: Notification of Entry into Contract with a 3 Party Supplier for Electricity Supply

MOTION BY ALDERMAN SIEGEL TO ACCEPT, PLACE ON FILE AND AWARD THE MULTI-
YEAR CONTRACT TO CONSTELLATION NewENERGY, INC.
MOTION CARRIED

PERIOD FOR PUBLIC COMMENT RELATIVE TO ITEMS EXPECTED TO BE ACTED
UPON THIS EVENING

Mr. Fred Teeboom, 24 Cheyenne Drive
Ordinance O-16-11 Reduced Taxation for Charter Schools has lingered “on the table” for about 6 months.
Let us examine the facts.

Two charter schools are located in Nashua: the Academy for Science and Design (ASD) and the

MicroSociety Academy.

>» ASD (grades 6-12) has 525 students, of whom 263 reside in Nashua.
>» MicroSociety (grades K-8) has 151 students, of whom 96 reside in Nashua.

A total of 464 students resident within Nashua attend charter schools in the region, within and outside
Nashua. This data is tabulated on the Nashua Board of Education website, under “budgets.”

The students who reside within Nashua and attend the two charter schools located in Nashua must be
provided with bus transportation provided by the Nashua School District, by state law

Now let us examine the cost savings.

The tuition cost to taxpayers for a student K-12 in the Nashua School District is $13,000 per year. The cost
for a student attending a charter school is $5,600 a year. Thus the savings in tuition cost per student who
attend a Charter School is $7,400 per student. This totals to a savings of $3.4 million for the 464 Nashua
students who attend charter schools, offloaded from the Nashua School District

The cost to transport students resident in Nashua to the two Charter Schools in Nashua is about $160,000
according to the Nashua School District business office.

Thus the cost savings to the Nashua taxpayers is $3.2 million, for students attending charter schools who
otherwise would be attending the Nashua School District

The loss of tax revenues under O-16-11 is $80,000 for ASD and $65,000 for the MicroSociety, for a
combined loss of $145,000. This figure, missing from the financial analysis section of this ordinance, was
provided by alderman Dowd.

Thus the net cost savings is over $3 million.

What do we get for these savings?

According to the comprehensive School Digger rankings (www.school digger.com) the Academy for Science
and Design is consistently the top performing high school in New Hampshire. Furthermore, it is ranked

among the top 50 high schools in the entire United States. Consider that the ASD must accept, by law,
special education students with an IEP.

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Board Of Aldermen - Minutes - 11/9/2016 - P3

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