Building Aid: Statewide Average Interest Rate (Final)

Dated: November 2016

The final statewide average interest rate based on debt incurred by districts between 7/1/15 and 6/30/16 is 2.000%. This rate will be used to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/15 and 6/30/16. It will be used on a preliminary basis to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/16 and 6/30/17.

See Statewide Average Interest Rate Chart for further details.

Last Updated: April 20, 2018