Building Aid: Statewide Average Interest Rate (Final)
Dated: November 2015
The final statewide average interest rate based on debt incurred by districts between 7/1/14 and 6/30/15 is 2.125%. This rate will be used to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/14 and 6/30/15. It will be used on a preliminary basis to calculate assumed amortizations of prospective projects with a Commissioner's approval date between 7/1/15 and 6/30/16.
See Statewide Average Interest Rate Chart for further details.
Last Updated:
April 20, 2018