Dormitory Authority of the State of New York Issues $25,175,000 in Bonds for Olean City School District

OLEAN, NY — The Dormitory Authority of the State of New York issued approximately $956.8 million in low-cost, tax-exempt bonds in June to 69 school districts, including $25,175,000 for the Olean City School District.

“Helping our students thrive means giving them the tools, the facilities, and the infrastructure they need to succeed in the classroom,” Gov. Kathy Hochul said in a press release. “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.”

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The Dormitory Authority is the state's public finance and construction authority, which finances, designs and builds health and education infrastructure.

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