Cuomo Announces Low Cost Financing For School Projects

Governor Andrew Cuomo is announcing over $482 million in low-cost financing for school district capital projects statewide.

The low-cost, tax exempt bonds from the Dormitory Authority of the State of New York are being issued to 54 school districts.

DASNY's School Districts Revenue Bond Financing Program provides funding for projects like security system and technology upgrades, classroom additions and athletic field improvements.

"The classrooms, technology and recreational facilities our students use every day are integral to their educational experience," Cuomo said. "By modernizing critical educational infrastructure and hardware, we are building strong foundations for the next generation of leaders to learn and innovate and set them on the path to success."

A number of local school districts will receive funding.

The Utica School District will get $9 million, the Rome School District will receive $21 million and $34 million will go to the Central Valley School District.