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Uxbridge finance committee backs using PFAS settlement money to reduce water treatment borrowing
Summary
The town’s finance committee recommended unanimously that the special town meeting appropriate PFAS settlement receipts to cover a shortfall on the water treatment plant’s bond anticipation note, an action officials said would save interest costs and avoid rolling the BAN forward.
The Town of Uxbridge finance committee recommended favorable action on Article 2 on Thursday, endorsing the use of PFAS settlement receipts to reduce near‑term borrowing costs tied to construction of the town’s water treatment plant. Town finance staff told the committee that applying the settlement funds to the bond anticipation note (BAN) maturing Dec. 4 would avoid rolling the BAN and paying additional interest.
Town finance…
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