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Advisers warn Pawtucket of near-term tax pressure from new high school financing
Summary
Municipal advisers told the Pawtucket School Committee that carrying construction financing for the $300+ million unified high school will fall mainly on the city until state reimbursement begins, potentially raising property-tax levy needs in FY27—and FY28 unless borrowing is phased or cash-managed.
PFM municipal adviser Sai Kamy Vorvong told the Pawtucket School Committee on March 24 that the city will carry most of the construction-financing costs for the new unified high school until state reimbursement begins after project completion.
Vorvong said the high school project exceeds $300 million and is among the largest school builds in the state. Under a traditional financing approach, the district's model shows incremental interim debt-service costs of roughly $6 million in fiscal 2027 and $7.5 million in fiscal 2028 — amounts that, if covered entirely by local…
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