Final Building Aid Statewide Average Interest Rate
SED recently posted the final statewide average interest rate for Building Aid. The rate, which is based on debt incurred by districts between 7/1/16 and 6/30/17, is 2%.
SED recently posted the final statewide average interest rate for Building Aid. The rate, which is based on debt incurred by districts between 7/1/16 and 6/30/17, is 2%.
REMINDER: Safe Schools data for your district must be submitted to SED by October 15th.
Since the deadline falls on a Sunday this school year, audited financial statements may be submitted the next business day which is October 16th.
Facilities Planning has posted an updated a Final Submissions Forms Workbook and asks that any new projects submitted to their office for review and approval use the latest versions of all final submission forms.
SED posted guidance on the interest rate reduction for assumed amortization for projects that began in 2007-08 or earlier and impact 2017-18 Building Aid.
Best wishes to our 18 retirees this school year. Collectively, they rendered 405 years of service to our school districts and students. Thank you!