Using some information from the MSBA website:

Templeton Elementary School

Total project budget . . . . . . . . . . . .$45,058,033.00

Reimbursement rate . . . . .63.11%

MSBA paid to date . . . . . . . . . . . . $17,368,720.00

MSBA estimated remaining
payment (s) . . . . . . . . . . . . . . . . . . $  5,392,059.00



$17,368,720.00 + $5,392,059.00 = $22,760,779.00

$45,058,033.00 / 2 = $22,529,016.50

50% of total project budget MSBA reimbursement (approximate)

So much for the advertised 63.11% - which can probably be attributed to 63.11% is only applicable to eligible costs rather than the total project cost. So, if MSBA wants to take money back, you have a dollar figure to use as a starting point. Keep in mind, 47 million was the figure town meeting authorized to borrow.