Building Aid Statewide Average Interest Rate

The final statewide average interest rate based on debt incurred by districts between 7/1/22 and 6/30/23 is 3.500%. This rate will be used to calculate assumed amortizations of prospective projects with a Commissioner’s Approval Date between 7/1/22 and 6/30/23. It will also be used on a preliminary basis to calculate assumed amortizations of prospective projects with a Commissioner’s Approval Date between 7/1/23 and 6/30/24. See Statewide Average Interest Rate Chart for further details