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Burlington officials outline $20 million general obligation bond to fund fleet, sidewalks and building repairs
Summary
City staff presented the proposed $20 million general obligation bond, saying it would address deferred maintenance across fleet, streets, sidewalks, bridges and public buildings and would be borrowed incrementally across three fiscal years; the bond requires a two-thirds voter approval.
The city of Burlington presented details of a proposed $20,000,000 general obligation bond on March 4 during an informational hearing in advance of Town Meeting Day.
City staff framed the bond as a response to years of deferred maintenance across municipal fleets, streets, sidewalks and city buildings. "This bond is really focused on our most critical needs, our most urgent needs that we know we need to do today," Ashley Parker, a city staff presenter, said.
The bond would target general fund capital asset needs, Parker said, including replacement and maintenance of fleet vehicles (fire trucks,…
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