School Building Authority Marks $10 Billion in Expenditures

State Treasurer Steven Grossman, chairman of the Massachusetts School Building Authority (MSBA), MSBA Executive Director Jack McCarthy, House Speaker Robert A. DeLeo, and other members of the Legislature today celebrated the agency having surpassed $10 billion in school building expenditures since its inception in 2004.

Stoughton is attempting to get on the list to build a new high school.

“Almost every community in the Commonwealth has benefited immensely from this $10 billion investment,” said Grossman.  “We’ve visited many of these communities and have seen firsthand how modern, state-of-the-art learning environments are better preparing students to compete and flourish in the Commonwealth’s innovation economy.”

Created nearly a decade ago with a mandate to bring effective planning, oversight and financial stability to the public school building process, the MSBA reached the $10 billion mark in school infrastructure financing this month.  Since its inception, the MSBA has provided local reimbursements for hundreds of school projects, and MSBA officials commended the collaborative partnerships with school districts that help move projects from idea to reality.

  “This historic moment is an example of government at its best,” stated Jack McCarthy, MSBA Executive Director.  “The MSBA’s model of collaboration with local school districts has proven to be both effective and sustainable in the long-term. As we begin our second decade in operation, we remain committed to supporting the design and construction of educationally-appropriate, flexible, sustainable and cost-effective public school facilities.”