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SDA outlines $1.75 billion portfolio as projects advance; officials urge continued bonding
Summary
School Development Authority CEO Manny Da Silva told senators the authority delivered thousands of new seats and is advancing a multi-hundred-million-dollar capital program, noting $350 million in FY26 funding and approximately $1.75 billion in projects tied to SDA and regular operating districts.
Manny Da Silva, chief executive officer of New Jersey's School Development Authority, told the Senate Budget and Appropriations Committee that the SDA's portfolio continues to advance even as available capital narrows. "This past fall, the authority delivered more than 3,600 new seats and more than 587,000 square feet of new construction," he said.
Da Silva said FY2026 proposals include $350 million drawn from a 2022 debt and defeasance appropriation to fund authority projects and operations.…
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