Committee questions 5% capital minimum and $5M excluded-debt rule
FinCom members debated whether the long-standing 5% capital minimum and the $5 million exclusion threshold remain appropriate, proposing relative metrics and a clearer split between cash capital and debt service.
The full story
Committee members reviewed the town’s debt and capital policy (adopted August 2018), asking whether a static 5% minimum remains suitable given recent capital demands and the Killam school project. Several members said the policy should distinguish between cash-funded capital and debt service and consider expressing thresholds as percentages rather than absolute dollar values.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or