On Tuesday March 10, 2026, voters in the following municipalities: Bernardsville, Peapack-Gladstone and Far Hills are being asked to vote on the following Bond Proposal for the Somerset Hills School District. BOND PROPOSAL QUESTION The Board of Education of the Somerset Hills Regional School District in the County of Somerset, New Jersey (the “Board”) is authorized to (a) undertake various improvements, alterations, renovations, and upgrades at Bernards High School, including acquisition and installation of fixtures, equipment, and any site work; (b) undertake various improvements, alterations, renovations, and upgrades at Bernardsville Middle School, including acquisition and installation of fixtures, equipment, and any site work; (c) undertake various improvements, alterations, renovations, and upgrades, and to construct an addition at Bedwell Elementary School, including acquisition and installation of fixtures, equipment, and any site work; (d) appropriate $38,024,257 for such improvements; and (e) issue bonds in an amount not to exceed $38,024,257. The final eligible costs for the projects approved by the New Jersey Commissioner of Education are $33,367,203 (consisting of $19,373,306 for Bernards High School, $6,277,941 for Bernardsville Middle School, and $7,715,956 for Bedwell Elementary School). The projects include $4,142,445 (consisting of $2,589,449 for Bernards High School, $557,000 for Bernardsville Middle School, and $995,996 for Bedwell Elementary School) for school facility construction elements in addition to the facilities efficiency standards developed by the Commissioner of Education or not otherwise eligible for State of New Jersey (the “State”) support pursuant to N.J.S.A. 18A:7G-5(g). The State debt service aid percentage is equal to 40% of the annual debt service due with respect to the final eligible costs of the projects. The Board is authorized to transfer funds among the projects approved at this election. Do you approve this Bond Proposal Question?