11 Mohawk Valley school districts save $2.4M thanks to DASNY refunding

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.

Posted: Dec. 6, 2017 1:58 PM
Updated: Dec. 6, 2017 4:25 PM

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.”

Article Comments

Stuff the Bus
New York Sash Teddy Bear Toss VIP Giveaway
Utica
Overcast
30° wxIcon
Hi: 33° Lo: 28°
Feels Like: 22°
Oneonta
Overcast
32° wxIcon
Hi: 35° Lo: 32°
Feels Like: 27°
Herkimer
Overcast
30° wxIcon
Hi: 34° Lo: 29°
Feels Like: 22°
Thendara
Overcast
30° wxIcon
Hi: 28° Lo: 27°
Feels Like: 22°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click Here for A Healthier Mohawk Valley