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