Eleven school districts in the Mohawk Valley Region have collectively saved $2.4 million, thanks to the Dormitory Authority of New York State refunding more than $46 million of their outstanding bonds, DASNY announced today.
According to DASNY president and CEO Gerrard Bushell, the refundings are part of DASNY’s School Districts Revenue Bond Financing Program. The program, which was founded in 2002, is meant to provide school districts throughout New York State with an efficient financing alternative.
The total savings by the Mohawk Valley Region school districts include:
-Adirondack Central School District - $73,049
- Central Valley Central School District - $162,064
- City School District of the City of Amsterdam - $535,983
- City School District of the City of Rome (Series 2010A) - $465,380
- City School District of the City of Rome (Series 2011A) - $120,067
- City School District of the City of Sherrill - $68,948
- Dolgeville Central School District - $148,829
- Fort Plain Central School District - 476,378
- Gilbertsville-Mt. Upton Central School District - $102,225
- Herkimer Central School District - $145,910
- Oppenheim-Ephratah – St. Johnsville Central School District - $53,892
“Quality education for our students is our number one priority,” said Peter Blake, superintendent of the Rome City School District, in a news release. “The savings achieved in partnership with DASNY helps us prepare them for the next step on their journey to success.”