The City Council will be voting on two major items that will determine whether the school board can go forward with its proposed high school renovation project. The option being put forward by the school board is for a $156.6 million project with 62.5% state reimbursement. The state’s estimated share would be $85 million and the city’s estimated share would be $71.6 million. If the project is approved at referendum, the first payment of the 20-year bond would be due in 2022-2023 at $643,000 and peak in the sixth year at $6.8 million. After that, the payments trend down. The bonding on the high school would add to bonding already approved for a renovation of the city’s wastewater treatment facility and road reconstruction.
Torrington school board to pitch high school renovation project