Building Aid: Statewide Average Interest Rate (Final)

Dated: October 2023

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 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.

Last Updated: November 1, 2023