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Committee weighs school construction aid proposals, subsidy levels and bond limits
Summary
Lawmakers discussed options for seeding and sustaining school construction aid on Feb. 17, including point-based subsidy rates (examples cited: 10%–50%), a possible one-time infusion to start the program, and limits of state bonding capacity versus municipal bonds.
Speaker 1 reopened discussion about school construction aid by asking members how much assistance the state should provide, whether money should be part of the Education Fund or the general fund, and how construction subsidies should align with larger district goals.
"Once the sort of annual obligation... is determined," Speaker 1 explained, "a municipality would take out a bond. And then depending on the criteria, the state might fund anywhere from, say, 10% of the annual payment back of…
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