School District 27J Capital Facility Fee Foundation is an award-winning unique
public-private partnership with municipalities and developers and builders in District 27J. It was established in 2001 to collect
contributions from developers and builders to help fund school expansion or new school
The Foundation was created to help fund the gap between
property tax-supported bonds and the cost of funding new schools necessary
for growth in student enrollment. State law prohibits school districts
from exceeding their statutory bonding capacity and from assessing an impact fee
to address any shortfalls.
Since the Foundation was established in 2001 it has
received voluntary contributions from developers and builders of over $10.5 million
to help meet this funding shortfall. The Foundation has transferred to the
district more than $10 million for new school facilities. Developers and builders, city council officials and
management, and School District 27J have seen great value in working together
collaboratively over the past decade to help bridge the funding gap.