MSBA Makes a $9.4 Million Payment to Norton

State Treasurer Steven Grossman, chairman of the Massachusetts School Building Authority (MSBA) and Katherine Craven, MSBA executive director, announced yesterday that the MSBA has made a $9,464,458 payment to the Town of Norton.

This payment was made to help the town reduce its remaining debt from the construction of the , which opened in 1998. This payment replaces eight annual payments the MSBA would have made to the town over the next eight fiscal years.

“We are happy to be able to help Norton by making this debt relief payment to assist in paying down the debt from the Norton Middle School,” Grossman said. “The MSBA is constantly looking for innovative ways to help communities build, maintain and finance school projects and to ensure that the children of the Commonwealth can learn in safe and educationally-appropriate facilities.”

“The MSBA’s flexibility to make these types of lump sum payments is another benefit to cities, towns and regional school districts,” Craven said.