State sending early payments for some school-building projects

Metrowest Daily News 12/12/11: State sending early payments for some school-building projects. The state agency in charge of school construction aid says it's sending out an early round of payments for projects approved under the old application process, with 15 local cities and towns among the beneficiaries. The state School Building Authority says the early payments were possible because of its fiscal management, with cities and towns able to save money on interest, ensure adequate cash is on hand to meet obligations or secure earnings by making investments. Districts typically split construction cost with the agency, put in place after the old application process was reformed to cap costs. These payments include $327,000 to Wayland for the construction of the new high school.

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