According JPI's website, the cost of educating an Ardsley School District student is $24,545.00.
However, four years ago in connection with its comments regarding the draft environment statement filed by the developer in connection with the Rivertowns Square project, the Ardsley School Board stated the actual amount spent per pupil for the 2010–2011 school year was $27,691 based on a total general fund expenditure of $56,656,761 for 2046 students.
This amount did not include the cost of additional bus service to transport students to the Ardsley schools and the decrease in both out of district tuition, state aid and interest.
As anyone who has a student in the school district knows, class sizes are now in excess of Board of Education guidelines and school enrollment has bumped up considerably. Yet taxes cannot be easily raised because of the tax cap.
Obviously, in 2015-2016 the cost of educating a student in the District has increased and will continue to increase.
Even if only 32 students live at The Jefferson (as JPI contends), this translates into an immediate $100,000 tax loss to the District less any minor amounts of sales tax increases it may receive from the 'live work play" Jeffersonistas who JPI says will be living in its development. However, the sales tax revenue will most likely be offset by the increased costs of busing and adding additional teachers. And if more students live in The Jefferson the loss will be even greater.
It remains to be demonstrated how this project is good for the school district, the Village of Ardsley, the Rivertowns or even necessary for either the Town of Greenburgh or the entire region in light of the 202 rental units at Rivertowns Square and the 66 rental units at The Lofts.
Of course its good for one entity- JPI.
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