Committee recommends using Open Space revenues to reduce Jenney Pond borrowing
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.
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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.
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