North Stonington — Numbers projecting the impact of the school modernization project on the town’s mill rate, which drew criticism as being incomplete and misleading from members of the boards of education and selectmen, were revised and reissued early Thursday morning at the end of a session of the Board of Finance.

The numbers, provided in a packet at Monday’s town meeting, were produced byBoard of Finance Vice Chair Charles Steinhart IV but were not formally voted on by the Board of Finance.

Steinhart noted he had emailed out the document to all of the members of the Board of Finance and didn’t receive any negative feedback.

The document showed a future mill rate if the school project were approved at referendum, bonded out at a 4 percent interest rate, and if they received state reimbursement without any waivers.

The Ad Hoc School Building Committee’s plan to renovate the schools includes more square footage than is reimbursable by state statute at the full 46.07 percent rate. In recent weeks, the committee has said it will be applying for a space standard waiver, which allows them to exceed the maximum square footage and receive full reimbursement.

Konstantinos Diamantis, director of the Office of School Construction Grants & Review, said “it’s not unusual for the commissioner to waive a space standard given the nature of the renovation of what we do to buildings.”

He said the waiver exists because districts seeking to renovate buildings that were built long ago often are dealing with larger spaces and smaller enrollments, though it would be up to the commissioner interpreting the statute once the project has been submitted.

The committee also will be applying for funding through the USDA’s rural development program for community facilities, which offers a lower interest rate to towns below a certain population for community projects. That interest rate is 2.875 percent.

In an interview, Johan Strandson, area director of the USDA Rural Development office in Norwich, said that USDA funding for the project would be “very likely,” based on his meeting with First Selectman Shawn Murphy.

Steinhart’s numbers did not include the waiver or the USDA funding. Steinhart said he budgeted “on the high side,” and broke out the tax impact based on the worst-case scenario.

First Selectman Shawn Murphy said Steinhart’s projected future mill rates were too high.

Board of Finance member Emil Pavlovics expressed frustration that the document was presented at the town meeting, implying it was a Board of Finance document.

“This page is deeply deceptive and it is the worst-case scenario, that’s fine if you all include the best case ... this is deeply pointed toward ‘let’s torpedo this,’” Pavolovics said.

The Board of Finance eventually produced a document that included a “best-case scenario” in which the space standard waiver and USDA funding were achieved, increasing the mill rate by 2.79 mills.

The “alternative” scenario in which conventional funding is used and the waiver is not received would bring a 3.34 mill increase. The school project would not affect next year’s budget if it is approved, the document notes.

Mike Urgo, chair of the Ad Hoc School Committee, during the public comment on the financial document, said he would prefer a statement from the board supporting the project.

“I would like to see a statement of solidarity (from) the Board of Finance: ‘We feel this is a good project, we stand behind it.’ I think it would go further than the numbers,” Urgo said.

n.lynch@theday.com