Nearly $1 billion will help fund upgrades at school districts across NYS

Nearly $1 billion will help fund upgrades at 69 school districts across New York State.

Gov. Kathy Hochul announced that $956 million in low-cost, tax-exempt bonds were issued in June through the Dormitory Authority of the State of New York.

The projects supported by the bonds include:

• Classroom additions and renovations
• Athletic field improvements
• Energy efficiency upgrades
• Safety enhancements
• Technology updates to promote innovation and collaboration

According to the governor's office, the bonds provide permanent, long-term, fixed-rate financing for the districts to refinance short-term debt approved by the voters in each district and used to fund capital projects.
Below is a breakdown of the bond issuances by region:

• Capital Region: $102,955,000
• Central New York: $128,655,000
• Finger Lakes Region: $112,630,000
• Long Island: $71,105,000
• Mid Hudson: $126,135,000
• Mohawk Valley: $61,265,000
• North Country: $78,780,000
• Southern Tier: $171,325,000
• Western New York: $103,970,000

In WNY, seven districts will receive funds:

• City School District of the City of Olean — $25,175,000
• Clarence Central School District — $21,735,000
• Iroquois Central School District — $11,315,000
• Pine Valley Central School District — $6,265,000
• Ripley Central School District — $2,435,000
• Sweet Home Central School District — $33,580,000
• Westfield Central School District — $3,465,000

“Helping our students thrive means giving them the tools, the facilities, and the infrastructure they need to succeed in the classroom. With this financing, my administration is funding critical capital projects that will give our young people a learning environment that inspires, challenges, and motivates them, while making it more affordable for taxpayers in these districts all across New York State.”

You can find more information here and here .