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Superintendent: PSFA recommends local-match reduction for Cliff schools; district to pay roughly $6 million
Summary
Superintendent Hawkins told the board the Public Schools Finance Authority and PSCOC recommended a local-match reduction for the Cliff schools project, citing an estimated project cost of $54,108,200 and a reduced local contribution of about $6 million, with the state covering most remaining costs; the district will proceed to RFP and design work.
Superintendent Hawkins told the Silver Consolidated Schools board on Dec. 16 that the Public Schools Finance Authority (PSFA) and the Public School Capital Outlay Council (PSCOC) recommended a local-match reduction for the planned Cliff schools project, potentially shifting most construction costs to state funding.
Key figures and the board implications: Hawkins said the total project cost was estimated at roughly $54,108,200. Under the PSFA recommendation the district’s local match for phases 1 and 2 would be reduced to about $6,000,000, with the state contributing…
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