How is the project being funded?

Based upon the completed Feasibility Study, the District and the MSBA establish and document the project scope, budget, schedule, and MSBA financial participation. It is expected that the MSBA will fund approximately 36% of eligible project costs. The “District” (the Town of Belmont) is required to secure funding for the remaining portion of the project cost. Typically, the Town will propose a raise to the levy limit with a Proposition 2½ debt exclusion vote and borrow the funds necessary to complete the project.