Dozen Local Schools Benefit From Special State Bonds


Central Valley Getting Most In The State

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:

Mohawk Valley:

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
  Total: $106,170,000

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