On The Money-NerdWallet-Financial Blind Spots

FILE - In this June 15, 2018 photo, twenty dollar bills are counted in North Andover, Mass. Nobody wants to pick up essential financial knowledge by making mistakes or finding out key information too late. A less painful way to enlightenment can come from self-help books, quizzes and personal finance websites. As soon as you have an income, it’s wise to get started on habits that lead to financial success. (AP Photo/Elise Amendola, File)

The Colorado State Board of Education approved 65 grants on Wednesday for construction projects across the state valued at more than $665 million.

Forty-one of the approved grants are Building Excellent Schools Today school construction grants, while the other 24 are emergency grants needed to fix ventilation and filtration issues because of COVID-19, according to the release.

Some of the approved BEST projects for the 2021-22 year include:

  • $49 million remodel and addition project for Windsor Middle School
  • $47.5 million for the Rocky Ford School District to build a new preschool through eight grade school. While also contributing to renovations and additions to the high school.
  • $8.2 million for the Maintou Springs School District for renovations and the high school and middle school additions

Approximately $146 million of the BEST funds are paid for by income earned from the Colorado State Land Board, marijuana excise tax, spillover from the Colorado Lottery and interest on assistance fund, according to the release. 

Applicants will contribute $262 million in matching funds. 

The BEST grants are planned to improve health, safety, security and technology in public schools. The Capitol Construction Assistance Board reviews all grant applications, prioritizes and submits recommendations to the State Board of Education. 

Similarly, the 24 emergency grant requests that were approved total nearly $43 million, and primarily funded through the Capital Construction Assistance Fund as they are providing nearly $24 million, according to the release. 

A complete listing of BEST projects can be viewed here, while the projects funded through the emergency grant request can be found here.