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. The MSBA will fund 40.66% of eligible project costs. On November 6th, voters will decide whether to accept the MSBA’s $80 million in funding towards the total project costs of $295,159,189 and approve a debt exclusion to fund the balance of the project, an amount for which Belmont’s taxpayers will be responsible. If the town votes in favor of the debt exclusion, the project will move ahead.