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City will wait another month for Newton North money

Posted December 3, 2008 01:11 PM

It could be another month before the state releases a $46.6 million grant for the $195.2 million Newton North High School building project.

At a meeting Wednesday between officials from the Massachusetts School Building Authority and the city, state officials said Newton must revise its cash flow document and submit more paperwork before they will sign a funding agreement to release the grant.

"We seem to be moving along at a good pace right now," authority spokeswoman Carrie Sullivan said after the meeting. "We're optimistic that this could happen before the end of the year."

The grant will be paid out in increments as money is spent on the project, meaning the state will review invoices submitted by Newton before making payments. There is a 15-day turn around time for payments, Sullivan said.

-- Rachana Rathi

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