State Treasurer and Receiver General Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, announced that the MSBA Board of Directors invited four Springfield schools into the Authority’s Accelerated Repair Program. Invitations were offered for potential projects at Springfield High School of Science and Technology, Margaret C. Ells School, South End Middle School and Springfield Public Day High School.
“Bringing these four schools into the Accelerated Repair Program demonstrates our unwavering commitment to the City of Springfield,” said Treasurer Grossman. “By working collaboratively with municipal officials, we will make these schools more energy efficient and comfortable for schoolchildren and generate substantial savings for taxpayers.”
The main goals of the Accelerated Repair Program are to improve learning environments for children and teachers, reduce energy use and generate cost savings for districts. The program will repair or replace roofs, windows and boilers in schools that are otherwise structurally, functionally and educationally sound.
“The MSBA continues to stand alongside the people of Springfield in the ongoing work of upgrading their public schools,” Executive Director McCarthy said. “This targeted use of funds greatly increases the overall effectiveness of the Authority.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally- appropriate, flexible, sustainable, and cost-effective public school facilities. Since its creation, the MSBA has made more than $9.7 billion in timely payments 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.
