Whats the big hurry? Why not wait another year until reimbursement criteria are established?
The proposal that the Building Committee has endorsed is consistent with the new regulations. The financial projections for state reimbursement use the lowest figure (40%) allowed by statute. The Building Committee has taken a conservative approach to this question. With the pressure on accreditation and the annual escalation in construction costs, waiting creates risks in terms of both accreditation and the cost of the project. Waiting another year could cost the taxpayers literally millions of additional dollars as construction costs continue to skyrocket. We feel confident that the project as proposed will meet the reimbursement criteria. An early start could also give Bedford a leg up on other school construction projects seeking School Building Assistance.funding.
