Mayor Caroline Simmons’ proposed $91.4 million total capital budget funding for next fiscal year is more than 60 percent higher than this year’s adopted $55.5 million, and the lion’s share of the new spending would be on school projects. Borrowing would fund $56.2 million of the capital budget for the new fiscal year, which begins July 1. The rest would be funded through other sources, such as state or federal grants. Simmons said the school projects within the fiscal 2023-24 capital budget include a roof replacement at Stamford High School, new flooring at Julia A. Stark Elementary School and improvements at Rippowam Middle School and at Springdale, Davenport Ridge, Northeast and Newfield elementary schools. A state budget bill signed into law last year increased the reimbursement rate for certain school construction projects in Stamford from 20 percent to 60 percent for 25 years.
https://www.stamfordadvocate.com/news/article/stamford-budget-schools-91-4m-17830477.php