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Vienna council authorizes up to $1.675 million in vehicle financing
Summary
After a public hearing, the Vienna Town Council approved a bond authorization allowing the town to borrow up to $1,675,000 to replace vehicles and equipment; council asked staff for delivery updates and approved the related ordinance on a unanimous roll-call vote.
The Vienna Town Council voted unanimously Feb. 24 to authorize borrowing of up to $1,675,000 to finance planned vehicle and equipment replacements.
Stephen Barlow, the town's director of finance, told the council the borrowing is part of the fiscal 2025 operating budget and that the town typically finances replacements over a four- to six-year period depending on interest rates and budget capacity. "Financing for the 2025 equipment and vehicles has not occurred until…
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