The final statewide average interest rate based on debt incurred by districts between 7/1/25 and 6/30/26 is 3.750%. This rate will be used to calculate assumed amortizations of prospective projects with a Commissioner’s approval date between 7/1/25 and 6/30/26. It will be used on a preliminary basis to calculate assumed amortizations of prospective projects with a Commissioner’s approval date between 7/1/26 and 6/30/27.
For additional information on how the statewide average interest rate is calculated, please see here.