from the MSBA website:
Templeton Center School - building complete.
MSBA paid to date - $21,137,638.00
MSBA remaining - $1,623,141.00
Total project budget - $45,058,033.00
These figures show the Town cost of project is $22,297,254.00 + borrowing / bonding costs.
Looks more like a 50% rate from MSBA rather than the ole 63.11% and you may confirm these numbers at MSBA web page.
That is to bad. The difference Templeton is going to have to pay will hurt the Town for a long time.
ReplyDeleteRemember that $2,450,000 was also approved for the Police Station. I wonder if that has been separated from the school funding yet?
ReplyDelete