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Select Board transfers $6,514 bond premium to debt service
Select Board · November 4, 2025
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Summary
The board voted unanimously to transfer $6,514.15 remaining from a May 2025 bond premium into the current fiscal year's debt service budget, following municipal finance rules requiring bond resizing when premiums are sizable.
The Northborough Select Board voted unanimously Nov. 3 to transfer $6,514.15 remaining from a bond premium on the town's $35,195,000 general obligation municipal-purpose loan dated May 6, 2025, into the current fiscal year's debt service budget.
Finance…
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