(Daily Hampshire Gazette- James Pentland) The city is on track to save almost $12 million on its middle school building project after the Massachusetts School Building Authority boosted its reimbursements with money included in the state’s fiscal year 2024 budget.
Holyoke Public Schools announced Thursday that the additional money, estimated at $11.7 million, would raise the MSBA’s contribution to the $85.5 million project to an estimated $57.6 million. This would reduce Holyoke’s share of construction costs to approximately $27 million, or 32% of the total cost, the school district said.
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State Sen. John Velis, D-Westfield, said the Senate fought to raise the annual cap on MSBA grants and boost supplemental funding for previously approved school building projects.
“Our children deserve to be educated in school buildings and classrooms that are equipped with the resources that meet the needs of modern-day education,” Velis said in a statement, noting that the Peck School was an aging building in desperate need of replacement.