PSC explores adding debt‑management targets, considers Capital Stabilization Fund
The PSC reviewed proposed edits to the Capital Financing Policy to incorporate debt‑management measures and discussed a potential Capital Stabilization Fund to smooth borrowing costs; Finance staff will prepare additional analysis before recommendations to the full Select Board.
The full story
The Wellesley Select Board Policy Subcommittee discussed suggested edits to the town's Capital Financing Policy on July 30, focusing on adding debt‑management elements such as debt as a percent of equalized property values and annual debt service as a percent of the operating budget. Chief Financial Officer/Finance Director Rachel DeRoche joined the PSC to present peer comparisons and debt‑management examples from other municipalities.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in