“It’s very exciting,” Mercer said. “Certainly we weren’t expecting the increase. We thought we were set at 57.94 (percent).”
As of yesterday morning, the state has locked in its reimbursement rate at 59.52 percent.
This means that, should voters approve a debt exclusion override tentatively set for March, local taxpayers would pay about $45.5 million for an estimated $104.5 million school.
The School Building Committee began the process of getting a new high school through the state’s model school program after scrapping the idea of renovations last July. Renovations alone would have been too costly with too little reward, committee members said at the time.
Read more: http://www.milforddailynews.com/news/x987654169/State-to-pay-more-for-new-Franklin-High#ixzz1iZzBFVcm
Related posts on the proposed new high school can be found here
http://www.franklinmatters.org/2011/12/collection-high-school-building-project.html
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