Building Aid: Statewide Average Interest Rate (Final)

Dated: October 2021

The final statewide average interest rate based on debt incurred by districts between 7/1/20 and 6/30/21 is 1.500%. This rate will be used to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/20 and 6/30/21. It will be used on a preliminary basis to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/21 and 6/30/22.

See Statewide Average Interest Rate Chart for further details.

Last Updated: October 22, 2021