Return to Headlines

What will the building cost each town?

  • Total Project Budget $52.2 million
    • Estimated MSBA Reimbursement $12 million
    • District Share $40 million

 

  • Apportion Split Between
    • Manchester 67%
    • Essex 33%

 

  • Estimated Annual Cost to Towns (30 Yr. Bonds @ 5%)
    • Manchester $1.7 million
    • Essex $850,000

 

  • Cost Per Household (median)
    • MBTS $530/yr
    • TOE $478/yr

 

  • Estimated Tax Impact (based on Fiscal 2019 rates)
    • MBTS: $72/100k of assessed value
    • TOE: $105.40/100k of assessed value