Treasurer Cahill, Katherine Craven Present $647,096 Check for Quinn Elementary School Repair Project

September 14, 2010

BOSTON – State Treasurer Tim Cahill, Chairman of the Massachusetts School Building Authority (“MSBA”), and Katherine Craven, MSBA Executive Director, were in Dartmouth today to present a $647,096 check representing the MSBA’s share of the window and door replacement project at the Quinn Elementary School which was completed this summer.

The ceremony celebrates the partnership and collaborative effort between the MSBA and the town to bring the project to fruition.

“I am pleased to present this check for the project at Quinn Elementary,” Treasurer Cahill said. “Replacing windows and doors will create a safer, more efficient facility for the children of Dartmouth.”

“This project has resulted in a better learning and teaching environment for the students and teachers of Dartmouth and is another example of the commitment, collaboration and the partnership the MSBA has with
districts like Dartmouth,” said Katherine Craven, MSBA Executive Director.

The MSBA is collaborating with municipalities to equitably invest up to $2.5 billion in schools across the Commonwealth by finding the right-sized, most fiscally responsible and educationally appropriate solutions to create safe and sound learning environments. The MSBA is committed to protecting the taxpayer’s dollar by improving the school building grant process and avoiding the mistakes of the past in the funding and construction of school facilities.

The MSBA has reformed the Commonwealth’s formerly rampant and unsustainable program, which had accumulated $11 billion in debt. In 2007, as a result of programmatic reforms and sound fiscal management, the MSBA was able to reopen a sustainable, reformed grant program.

In its six year history, the MSBA has made more than $7.2 billion in reimbursements to cities, towns and regional school districts for school construction projects. These timely payments have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities in these difficult economic times.