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Peaslee School update: committee hears MSBA presentation was received favorably, staff used $70M projection
Summary
Town staff told the financial planning committee the MassSchool Building Authority responded favorably to the town's preferred option; staff used a conservative net projection of about $70 million for planning and debt-impact estimates.
Jason Little reported that the town's presentation of its preferred option to the Massachusetts School Building Authority went well and said staff prepared financial commentary that included a conservative net projection used for debt-impact modeling. Little said the town's illustration used a $70 million net figure for conservative planning and noted the MSBA next-phase steps remain.
Committee members discussed community preferences (neighborhood schools versus consolidation) and asked that school administrators be kept in closer communication with the committee. "We just all need to get up to speed on what's going on with all of this and do our due diligence and plan for the worst case, which is 70,000,000," one member said, citing the planning projection. Members asked for early coordination so major school-related capital demands are considered alongside other large town projects.
