MSBA Board of Directors approves increase to project Reimbursement Rate
Posted by Robert Sanborn on 12/13/2017
The MSBA Board of Directors approved an increase in reimbursement rate for the Cape Cod Tech project. The change increases the project's reimbursement rate by over 5 points which means eligible costs will be reimbursed at over 51%. This vote was expected after the hard work of State Representative Sarah Peake. Representative Peake was able to get supplemental budget language passed that recognized the true number of economically disadvantaged students attending the school. The total increase in state funding for the project is estimated at $5.3 million.