The State of New York is making available to 54 school districts across the state $482.4 million dollars in low cost, tax exempt bonds. A dozen local school districts are on the list to benefit from the program. Governor Andrew Cuomo says that the Dormitory Authority of the State of New York will be the issuing entity, under the School Districts Revenue Bond Financing Program.
Money generated through the bonds can be used for projects that include; fire, security, and air quality systems upgrades; interior and exterior renovations at numerous facilities including several classroom additions; athletic field improvements; and technology updates to promote innovation and collaboration.
The local school districts on the list and the amount of their bonds:
|Central Valley School District||$34,125,000|
|Cooperstown Central School District||$4,600,000|
|Gilbertsville-Mount Upton Central School||$2,280,000|
|Herkimer Central School District||$1,685,000|
|Holland Patent Central School District||$1,940,000|
|Laurens Central School District||$1,595,000|
|Morris Central School District||$1,860,000|
|Remsen Central School District||$5,840,000|
|Rome City School District||$21,245,000|
|Sauquoit Valley Central School District||$16,425,000|
|Schenevus Central School District||$5,565,000|
|Utica City School District||$9,010,000|