John K. McCarthy, Executive Director of the Massachusetts School Building Authority (MSBA), has announced that the MSBA has made, since its inception in 2004, $8.6 billion in payments to Massachusetts school districts.
“Last week’s payments represent another milestone in the MSBA’s ongoing collaboration with Massachusetts school districts,” Executive Director McCarthy said. “We are proud to be working with local communities to adapt their school infrastructure to meet the demands of 21st century education.”
The MSBA works with local communities to identify school facility needs, develop fiscally responsible and educationally appropriate solutions, and create safe, sound and sustainable learning environments. Since its creation, the MSBA has made timely payments to cities, towns, and regional school districts for school construction projects have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.