New School Project Info Session Set at Brayton

By Tammy DanielsiBerkshires Staff
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NORTH ADAMS, Mass. — The School Building Committee is continuing efforts to get information out about the Greylock School project ahead of a debt exclusion vote on Oct. 8. 
 
The first of two information sessions was held last week; the second is this Thursday at Brayton Elementary School at 6 p.m. There will also be a virtual component for residents unable to attend. 
 
Residents can also attend a coffee klatsch on Friday morning at the Eagle Street parklet. The public schools have annually hosted one of the informal coffee hours in the park but this week's will include information on the project and staff available to answer questions.
 
Superintendent Barbara Malkas told the committee on Tuesday that last week's event was "pretty well attended." 
 
"There were many good questions. We have been continuing to answer questions that have been put forward from that event," she said. "This coming Thursday, we have our second community forum, which will be at Brayton Elementary School, again starting at  6 p.m. 
 
"We'll begin in the cafeteria and then take a tour of Brayton Elementary School, so that folks understand what the deficiencies are with respect to Brayton Elementary School and answer questions there as well."
 
Officials are pushing to get out as much information as possible before the vote, which will determine whether the city will be able to borrow for the $65 million project, of which $20 million will be picked up by taxpayers. 
 
"We're trying to ensure that people have all the information they need to make an informed choice," said Malkas. "What I would say, if I may editorialize just a little bit, and that is not to get your information purely through social media, as I have seen many discrepancies and actually misinterpretations of things through social media."
 
Mayor Jennifer Macksey noted that the Greylock project is now the landing page for the public schools' website. 
 
"It opens up all the literature, and as you scroll down, you see all the videos, and then the frequently asked questions, links," she said. "It's a really good page."
 
Presentations have also been recorded by Northern Berkshire Community Television and Malkas said she will be speaking with Spectrum News on Friday. Articles dating back to 2019 can also be found in iBerkshires. 
 
The proposed new school will replace the current closed Greylock on the same site and Brayton. The decision was made after reviewing the cost and feasibility of additions and renovations, including at the Brayton site. The Brayton site was considered too problematic because of topography, its connection to the former YMCA building and costs. 
 
School officials are planning a tour of Brayton on Thursday to underline the problems in the building that opened in 1994 at a cost of $12 million. 
 
Committee member Benjamin Lamb said the most valuable section on the project's website is the estimated costs for Brayton.
 
"I think the breakdown that happens based on what the cost of a Brayton reno would be is really valuable for people to read," he said. "It also identifies the areas where there's immediate investment needed, and then there's obviously some stuff that's more long term."
 
Initial estimates last year put a Brayton renovation or rebuild at about the same as a Greylock. A breakdown for just addressing the school's issues is $45 million, including more than $12 million for a new heating and air conditioning system and sprinkler system. The roof and skylights, which are reaching their end of service, comes in at $2.6 million. Accessibility upgrades are estimated at $1.75 million. 
 
Committee member Richard Alcombright asked if the staff and committee was spreading the information as much as possible through Facebook. 
 
"When I see anything with NAPS, I always share it," he said, and asked if staff and administrators have been encouraged to do likewise. 
 
"The good thing about our staff is you don't have to encourage them. They just do it naturally," said Macksey. 
 
Thomas Simon, director of student support services, said the school system's outreach coordinator Emily Schiavoni has been posting frequently on social media and has included the project page. 
 
"We can ensure that that's happening on a scheduled basis, like once a week, it comes out again, so that way folks know to go there to look for information," he said.
 
In other business, Timothy Alix of Collier's International, the owner's project manager, said the feasibility study and schematic design budget is coming in below budget by $159,000. The study had been budgeted at $1.1 million.
 
Malkas said the committee will have to revisit its composition as there are some vacancies for both voting and non-voting members. 
 
"There have been some changes in staffing and that has led to some folks who were previously voting members who will no longer wish to be part of the committee," she said. "We also had some members as non-voting members of the committee associated with the Y and that is no longer a consideration as part of this project."

 


Tags: brayton/greylock project,   public forum,   

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How to be a 'seasonal' investor

Submitted by Edward Jones
As we transition from summer to autumn, change is all around us — leaves are taking on new colors, temperatures are dropping, and the days are getting shorter. But you can also experience different seasons in various aspects of your life — including when you invest. What are the seasons of an investor's life? And how should you respond to them?
 
The first such season may happen when you are in your 20s and just starting out in the working world. At this stage in your life, it's especially important to prioritize your financial goals. At the top of your mind may be a short-term goal, such as saving for a down payment on a house. To help achieve this goal, you'd generally want to save in “cash” accounts and invest in fixed-income vehicles that offer preservation of principal. At the same time, you don't want to disregard a longer-term goal — in particular, saving for retirement. While you may not be able to afford to put much away, every amount helps. And you'll want to invest for growth.
 
Now, as the seasons of your life progress, let's consider your early middle years. At this point, you've moved past the down payment on your home and you're well into paying a mortgage regularly. And you might even have retired your student loans. But now, you may have another major goal — helping build resources for your children's college education or other post-secondary training. For this objective, you could consider several options, one of which is a 529 education savings plan, which can provide federally tax-free earnings and withdrawals if the money is used for qualified educational expenses. But you're also moving closer to retirement, so, if you can afford it, you may want to increase your contributions to your IRA and your 401(k) or other employer-sponsored retirement plan.
 
As the seasons continue to move on, and you find yourself in your later middle years, your financial situation may have changed significantly. Now, your children may be out of school, your earnings may have grown to their highest level, and you might even have paid off your mortgage. Given these factors, you may now be able to devote more of your resources toward your retirement by ramping up your IRA and 401(k) contributions even further, and possibly also considering other investment vehicles. And you may want to inject more balance into your portfolio, possibly lowering its overall risk level somewhat, especially in the years immediately preceding your retirement.
 
Once you move into your retirement season, you may need to continue, and possibly accelerate, the movement toward a more balanced portfolio — one that provides you with more income-producing opportunities. Some investments provide current income, while others provide it in the future, but all of them can contribute to your ability to enjoy your retirement lifestyle. However, you still need some growth-oriented investments to help keep you ahead of inflation. Plus, it's a good idea to keep at least a year's worth of living expenses in cash and another few years' worth in short-term, fixed-income investments. By doing so, you can help avoid having to sell assets in a down market.
 
The seasons of your life may come and go more quickly than you realize — but you can be prepared for them by making the appropriate investment moves.
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