Rising construction costs and quickly climbing interest rates have pushed the Farmington High School construction project about $18 million over budget, and town voters will get to decide next month how to deal with that. School and municipal officials are asking voters next month to authorize spending another $9.7 million on the project, but are assuring that it won’t come from local taxpayers. A panel overseeing the project blamed higher interest rates, supply chain disruptions and fast-rising construction costs for the overruns. The full budget for all construction labor and materials had been set at $115.6 million, but the lowest bids in October totaled $121.5 million, according to Lorel Purcell of O&G Industries, the town’s construction manager.
https://www.theday.com/state/20221103/farmington-high-school-project-millions-of-dollars-over-budget/