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Committee recommends using Open Space revenues to reduce Jenney Pond borrowing
Summary
The committee recommended Article 27, allowing use of $415,351 (10% of FY27 Open Space and Recreation revenues) to reduce borrowing for the Jenney Pond project; the vote to recommend was unanimous, 12-0-0.
Mr. Bradley told the committee that Article 27 would allow finance to apply $415,351 (10% of the town's FY27 Open Space and Recreation revenues) to reduce borrowing for the Jenney Pond project and thereby control interest costs. Committee members discussed the fiscal mechanics briefly.
Christine Richards moved and Mr. Friedman seconded a motion to recommend Article 27 to Town Meeting. The Advisory & Finance Committee voted to recommend Article 27 unanimously, 12-0-0.
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