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Select Board sets debt-service budget, discusses timing for open-space bond and due diligence for donated parcel
Summary
The Select Board approved a debt-service budget that anticipates maturing bonds and discussed timing of a possible new $400,000 open-space bond; conservation requested $9,400 for due diligence on a donated three-acre parcel and the board debated funding the environmental review and retracement survey from an expenditure-offset line.
Finance director Julie Stevens and Ambrose (finance staff) reviewed the town’s debt-service schedule and principal/interest payments for existing bonds. Stevens said Ambrose’s spreadsheet showed outstanding principal and the projected principal and interest payments for the coming year and that a conservation bond recently approved will not require payments until 2027.
“If it got voted in in March, by the time it went through the process…the payments wouldn't be actual payments until 2027,” a finance staff member said, summarizing…
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