Stamford has a plan to fix its schools. Now, a worried finance board is asking how to pay for it.

Tuesday evening, architecture and design firm SLAM Collaborative gave the finance board the same presentation the Board of Education and other officials received last month on its draft master plan for Stamford schools. The plan includes building a new K-8 school in the southern part of the city, shuttering four schools, turning three elementary schools into K-8 institutions and making improvements at other schools. If the plan was implemented in full and its funding assumptions were met, the city would be on the hook for more than $500 million over 12 years. The Board of Finance has scheduled a meeting for Thursday evening to specifically discuss ways to fund the broad schools plan. Board of Finance Chair Richard Freedman said such a sudden increase wasn’t feasible.

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