Canton, Gouverneur, Heuvelton, N-N, Salmon River schools sharing $57 million for capital projects
Thursday, September 13, 2018 - 9:18 am

Five North Country schools received a portion of $57,610,000 in low-cost, tax-exempt bonds issued through the Dormitory Authority of the State of New York. This financing is part of over $585 million issued to New York state schools and is the largest pooled school district issuance in DASNY history.

Locally, Canton Central received $8,720,000, Gouverneur Central was awarded $18,940,000, Heuvelton Central was given $3,705,000, Norwood-Norfolk Central received $9,685,000 and Salmon River was awarded $16,380,000.

In the Gouverneur Central School District, bond proceeds helped support the creation of new grade school configurations throughout the district.

Eastside Elementary School added a four-classroom addition to house pre-K classes and renovated the existing building. Renovations included new energy-efficient windows and doors, mechanical and electrical upgrades, as well as data and security enhancements.

Gouverneur Elementary now functions as the single elementary school and houses pre-K through grade 4.

West Side Elementary School was also expanded with two additions; a new gymnasium and a six-classroom addition to create the new Gouverneur Middle School.

The building also was renovated including new energy-efficient windows and doors, an upgraded plumbing system, mechanical and electrical updates including power and data systems.

Gouverneur Middle School now functions as the single middle school and houses grades 5-8.

The issuance is part of DASNY's School Districts Revenue Bond Financing Program, which provides public school districts across New York State with an efficient financing alternative. Since the inception of the program in 2002, DASNY has issued 90 separate series of bonds on behalf of more than 200 school districts statewide, providing more than $5 billion in low-interest financing.