Wilton looks at possibility of bonding the cost of over $100 million in school improvements

The town is examining different ways it could fund more than $100 million in needed school repairs across three of the district’s buildings. One of the ideas for the funding included the possibility of bonding the project for up to 20 years, with expected grand list growth helping to offset the costs. Vanderslice said the growth in the town’s grand list from multifamily projects and the ASML expansion will likely bring in over $1 million per year in new property taxes, less than the cost of projected new students. Erik Kaeyer, a principal with KG + D Architects, went through some of the repairs needed mostly for Cider Mill School, Middlebrook School and Wilton High School. On average, these buildings are about 60 years old and have not seen major repairs in 24 years, though many have corrected minor issues over the years, he said.

https://www.stamfordadvocate.com/news/article/wilton-schools-projects-100-million-improvements-18521148.php

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