Stamford, Norwalk gain big in ‘earth-shattering’ change to how CT refunds new school buildings

Through their advocacy, they were able to convince Senate President Pro Tempore Martin Looney, D-New Haven, to include three provisions into a budgetary bill that was passed by the General Assembly and signed into law by Gov. Ned Lamont this week, the officials said. Two of the provisions target specific projects in both Norwalk and Stamford, granting an 80 percent state reimbursement rate for new buildings. But the one that got much of the praise was a change to the state’s base construction reimbursement rate that now includes the size of the district in calculating how much money the state will reimburse a district for upgrading and building its schools. Under the new rules, the state’s reimbursement rate for new school construction in both Stamford and Norwalk will be 60 percent for the next 25 years, much higher than the 20 percent rate in Stamford and the 23 percent in Norwalk currently in place.

Share This Article: