Local school districts to benefit from low-cost, tax-exempt state bonds

ALBANY – Two Orange County school districts have been issued a total of $29.6 million in low-cost, tax-exempt bonds through the state Dormitory Authority to aid in the financing of upgrade projects.

Those may include work to benefit fire, security and air quality systems; interior and exterior renovations at several facilities including classroom additions; athletic field improvements; and technology updates.

The Enlarged City School District of Middletown received bonds worth $25.8 million and the Port Jervis City School District received $3.8 million in bonds.

Also receiving tax-exempt bonds was the Coxsackie-Athens Central School District, which secured $12.3 million.

“The classrooms, technology and recreational facilities our students use every day are integral to their educational experience,” said Governor Andrew Cuomo. “By modernizing critical educational infrastructure and hardware, we are building strong foundations for the next generation of leaders to learn and innovate and set them on the path to success.”

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