Scope & Eligibility 

○ MSBA reimburses roofs more than 25 years old 

■ HS Built in 1997 

■ MS Built in 1958, Sections repaired in 1997 & 2011 

○ Construction to replace the High School roof & repair qualifying sections of the Middle School roof 

● Project Cost Overview ○ Total construction cost: $10,864,548 

● MSBA Reimbursement ○ Approved Oct 29, 2025, at a 59% reimbursement rate. 

○ Total Estimated Max Facilities Grant: $6,111,695 

● Local Funding Share - Remaining local cost: $4,752,853 

○ District to issue 20-year bond 

○ Estimated cost of Bond (Principal & Interest): $7,057,471 

■ Templeton(85%): $5,998,850 

■ Phillipston(15%): $1,058,621 

● Tax Rate Increase 

○ Phillipston: No impact due to funding through reserves 

○ Templeton: Approximate $95.19 annual increase to the average single-family home