N.J. school construction agency announces $500 million for 1,600 projects

Thursday, April 17, 2014

The New Jersey Schools Development Authority today announced the start of $500 million in funding for some 1,600 projects that have been approved by the state Department of Education at a total cost of more than $1.2 billion.

The grants represent the single largest funding decision in the state’s history, SDA officials said. However, the state aid is contingent on voters' approval of the construction projects in 333 districts.

SDA CEO Charles McKenna made the announcement in Allendale, where the SDA will contribute almost $350,000 toward four projects involving upgrades to climate and air conditioning units at two schools.

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