Southern Tier Schools Among Districts Issued Tax-Exempt Bonds
Just before the start of the new school year, New York Governor Andrew Cuomo is announcing the latest round of facilities improvement bonds.
Chenango Forks, Maine Endwell, Norwich, Sidney, Unadilla Valley and Waverly school districts are among 54 in New York State being issued low-cost tax-exempt bonds from the State.
The money from the Dormitory Authority can be used for things like fire and security upgrades, classroom additions and athletic field improvements.
The program started in 2002 and the Dormitory Authority has issued 100 separate series of bonds for more than 200 school districts state-wide.
The latest round totals $482.4 million in bonds.
Of the Southern Tier Allocations, Chenango Forks is raking high with $14,470 in approved bonding, Maine Endwell at $12,765 with Bath Central schools issued $17,465 in low-cost tax-exempt bonds.