Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026
    • Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors
    • SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds
    • New mutual fund classification rules introduced: How schemes will be structured
    • If You’re 5 Years From Retirement, These 3 Dividend ETFs Should Be Your Entire Strategy
    • How To Optimise Your Investments Using Mutual Funds Calculator
    • Mutual Fund Calculator: How Delaying Your SIP By 5 Years Can Shrink Your Retirement Corpus By Nearly Rs 2 Cr?
    • The AI Reshuffle: How Tech ETFs Navigate a Sector in Transition
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Newport School Building Committee seeks additional funds for Rogers High School project
    Funds

    Newport School Building Committee seeks additional funds for Rogers High School project

    October 18, 2024


    The Newport School Building Committee will request an additional $2.9 million from the Newport City Council at the council’s October 23 meeting to complete the new Rogers High School project and reinstate some previously deferred items. The committee aims to finish the school in time for a September 2025 opening.

    In a letter to Mayor Xaykham Khamsyvoravong and City Council members, committee co-chairs Rebecca Bolan and Louisa Boatwright outlined the need for additional funding. The total request includes $4,066,033 to address a budget gap and $1,352,776 for add-alternate items.

    The committee has secured $2.5 million in grants, reducing the total ask to $2,918,809. “We will continue seeking grant opportunities and look forward to more good news in the future months,” Bolan and Boatwright wrote.

    Screenshot of letter to Newport City Council

    The Rogers High School project is part of a larger statewide initiative to improve school buildings. In 2017, Rhode Island conducted a School Building evaluation, which identified Rogers as the school “most in need of replacement” in the entire state.

    Newport voters approved a $106 million school bond in 2020 with 78% support. The bond included a 52.5% state reimbursement rate. However, the project has faced challenges due to inflation related to the COVID-19 pandemic.

    The School Building Committee needs to contract the final phase of site work at its Nov. 18 meeting to avoid subcontractor prices expiring on Dec. 1, 2024.

    “We are excited about our new high school and look forward to September 2025 when our students and staff will enter our new building,” the co-chairs stated in their letter.

    The additional funding would allow for the completion of several items previously put on hold, including upgrades to parking lots, building signage, and landscaping improvements.

    Among the proposed add-alternates are $353,766 for upgrading the Old Fort parking lot and lighting, $384,879 for upgrading the West parking lot and lighting, and $176,019 for building-mounted and site directional signage.

    Other items include custom vinyl graphics for various areas of the school, additional trees and shrubs throughout the campus, and granite curbs for all roadways.

    The committee emphasized that any contingency funds left at the end of the project will be returned to the city.

    The School Building Committee writes that it continues to work on securing additional funding through grants and implementing cost-saving measures through a value management process.

    The new Rogers High School is a key component of Newport’s participation in the State of Rhode Island School Construction Program, which aims to transform and replace inadequate public school buildings throughout the state.

    As the project moves forward, the committee says it remains focused on meeting all bond reimbursement requirements and ensuring the school opens on schedule in September 2025.

    To see the entire communication and supporting documents, click here.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SEBI broadens rules for $384 billion stock funds to add gold

    February 26, 2026

    High-Potential Gilt Funds in 2026

    February 25, 2026

    Money Matters – How do I decide which funds should be in my ISAs

    February 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    If You’re 5 Years From Retirement, These 3 Dividend ETFs Should Be Your Entire Strategy

    February 26, 2026
    Don't Miss
    Mutual Funds

    Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

    February 26, 2026

    Capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday revised the valuation…

    Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors

    February 26, 2026

    SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds

    February 26, 2026

    New mutual fund classification rules introduced: How schemes will be structured

    February 26, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Rs 20,000/month investment, how quickly can you generate over Rs 15 crore corpus? See calculations

    July 31, 2025

    Expert highlights ways Nigerians can access crypto, U.S. stocks, ETFs

    October 10, 2025

    Transcript : SEI Investments Company Presents at 45th Annual William Blair Growth Stock Conference, Jun-05-2025 09

    June 5, 2025
    Our Picks

    Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

    February 26, 2026

    Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors

    February 26, 2026

    SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds

    February 26, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.