Educational Value(s)…and Some Financial FAQs…

Each year, with input from the community, the Lincoln School Committee and Administrative Team set strategic priorities for the district. These priorities guide professional development and collaboration in the Lincoln School and in the Hanscom Schools. Since the new Hanscom Middle School opened in 2016, the district has had the opportunity to see how a school designed around grade-level neighborhoods and flexible common spaces can support our educational priorities, and how it makes it easier for our teachers to engage in the kinds of collaborations that spark creative and engaging curriculum.

Our teachers are our best educational resource. The building and environment can make their work easier or harder. Below are some resources to learn more about the impact of the learning environment:

• Want to read about some of the values articulated by our faculty? Visit our October 15, 2017 post, How Spaces Impact Learning.
• “The Industrial Age gave us the assembly line. It also instilled the philosophy that education — and the school buildings where learning happens — needed to mimic that style of design, with facilities built around long corridors that file students into boxlike classrooms filled with rows of desks…But in the 21st century, education is moving away from the assembly-line mentality, encouraging students to collaborate, work hands-on, explore their environment, and continually engage with fresh ideas.” —Excerpted from How Architecture Boosts 21st Century Learning published by the site “The T74,” a non-partisan, non-profit site covering education in America.
• For more about hubs, revisit our June 3rd post, FAQs: Hubs & Code Compliance.
• Visit the “Impact on Education” page of the SBC website to learn more, watch videos, etc.

Some Financial FAQs (with assistance from the Finance Committee & Town Finance Team)

I’ve seen that taxes would go up 17% – 19%. Would they keep going up by that much every year?
No. Paying for the bond is like making payments on a fixed rate, 30-year mortgage. The cost for the bond remains constant once it is fully added to the tax bill. However, unlike taking out a mortgage, the Town is likely to issue the bond in two “tranches” or pieces, that will mean the increase in taxes will likely be phased in over 3 years.

When would the project show up on my tax bill?
Based on the currently anticipated borrowing schedule, the first impact would occur in the tax bill for the second half of calendar year 2019.

Will it happen all at once?
No. Based on the currently anticipated borrowing schedule, about 45% of the total increase would appear on the tax bill for the 2nd half of calendar year 2019. That same amount would be included in both semi-annual tax bills of calendar year 2020, bringing that year’s added payments to 90% of the total increase. The two semi-annual added payments in calendar year 2021 would be slightly higher and add up to 95% of the total increase, and then the tax bills from calendar year 2022 onwards would have the full increase included. In other words, it will take about 3 years until we are paying the full “mortgage payment” on the school.