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Revere school building committee votes to cut construction budget by $10 million
Summary
The Revere City School Building Committee voted to reduce the high school construction budget by $10 million and to route any future energy rebates into the high school stabilization account; the committee directed staff and consultants to prepare value‑engineering options for the reduction.
The Revere City School Building Committee voted to reduce the proposed construction budget for the new high school by $10,000,000 and directed that energy rebates and credits tied to the project be placed into the high school stabilization account to offset future debt service.
The motion to cut $10 million passed in a roll call vote during the committee’s June meeting; committee staff and the project team were instructed to develop a value‑engineering list showing how the reduction could be achieved and to present it at the committee’s next meeting.
Committee members said the cut is intended to reduce future debt service for the city while preserving the project’s educational scope. Mayor…
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