Stoughton voters on Tuesday resoundingly approved a temporary tax increase that will allow the proposed construction of a new high school to move forward.

By a vote of 3,831 to 1,027, residents in the June 7 special election approved a debt exclusion to fund the town’s $71.28 million share of the overall $123.54 million project. The Massachusetts School Building Authority committed to reimbursing the district for the remaining $52.26 million cost by a vote of its board on May 25.

“I was overwhelmed with such emotion,’’ Katie Pina-Enokian, chairwoman of the School Committee, said of her reaction to the vote. “It was such a moment of pride to be part of this huge community that came out and showed that they want a better Stoughton.

“It was a big collaboration of the whole community, and the outcome was fabulous. I couldn’t be happier,’’ she said.

The debt exclusion will add $387 to the annual tax bill of an average home valued at $307,075.

The plan calls for building the new 214,600-square-foot high school on the site of the existing building on Pearl Street, which will be demolished.

The project also involves construction of a grass soccer field, a track, five tennis courts, and a multisport artificial turf field.

The existing 214,600-square-foot facility was built in 1923, with additions constructed in 1952, 1955, and 1965.

Plans call for construction to begin in July 2017, with the new building scheduled to open in September 2019 and the overall project completed in September 2020.

John Laidler can be reached at laidler@globe.com.