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Finance committee recommends 20-year bond; building committee hears borrowing and authorization details
Summary
The Stoughton finance committee told the building committee it will recommend a 20-year bond for the school project; town staff said borrowing is likely to be authorized at a larger ceiling and drawn in scheduled tranches.
Members of the Stoughton Building Committee reported that the town finance committee indicated it will recommend borrowing on a 20-year term for the school project and that town officials typically authorize a larger bond authorization and borrow in scheduled tranches.
A committee member said the finance committee’s recommendation would be presented ahead of a town meeting warrant item; the finance…
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