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Select Board authorizes $24.495M bond sale to fund Pierce School and other projects
Summary
Select Board approved issuing $24,495,000 in general-obligation bonds (true interest cost 3.39%) to cover multiple projects including Pierce School construction, fire station work, playground improvements and stormwater projects; Finance Director said Moody's reaffirmed Brookline's AAA rating.
Finance Director Lincoln Heinemann told the Select Board the town sought authority to issue $24,495,000 in general-obligation bonds to finance six projects, with the largest allocation for the Pierce School construction. Heinemann reported a true interest cost of 3.39% and said Moody's reaffirmed Brookline’s AAA rating.
Heinemann…
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