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Board questions proposed $35M debt limit and $10M education earmark ahead of Jan. 13 hearing
Summary
Members asked whether a 'safe debt limit' recommendation to split a $35 million general-obligation bond ceiling—earmarking $10 million a year for Board of Education projects—would be binding or advisory and requested staff to confirm the legal/process guardrails before the Jan. 13 public hearing.
Planning board members raised questions Dec. 16 about a 'safe debt limit' recommendation for Stamford’s capital plan that would set a $35 million general-obligation bond ceiling with a proposed bifurcation: $10 million per year earmarked for Board of Education projects and $25 million for other city projects.
A board member asked whether the recommended split is…
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