Building Aid: Statewide Average Interest Rate (Final)

Dated: October 2017

The final statewide average interest rate based on debt incurred by districts between 7/1/16 and 6/30/17 is 2.000%. This rate will be used to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/16 and 6/30/17. It will be used on a preliminary basis to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/17 and 6/30/18.

See Statewide Average Interest Rate Chart for further details.

Last Updated: October 13, 2017