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Committee member says PFAS-cleanup bond could raise Albany's solid-waste cost by about $1,000–$1,800 a year
Summary
At the April 8 meeting, a committee member previewed an upcoming PFAS briefing and presented a rough estimate that an $8 million bond for PFAS work could increase Albany’s solid-waste contribution by roughly $1,000–$1,800 annually, depending on interest rates.
A committee member told the Albany Select Committee on April 8 that Jason Gagnon of the North Conway Water Precinct will brief the solid-waste group about PFAS and that an $8,000,000 bond to address the issue could raise Albany’s annual solid-waste contribution by roughly $1,000 to $1,800.
“Just doing rough calculations on a $8,000,000 bond. I came up with, you're gonna be depending on what the interest rate is and whatnot, somewhere between 2 and $300,000 principal and interest payments on an annual basis,” the committee member said, adding that Albany’s share would be a little over 6 percent. “So it would probably raise our contribution, probably somewhere between 1,000 and $1,800 a year.”
The committee member said the town plans to host or receive an update from Jason Gagnon, described in the meeting as “the gentleman from North Conway Water Precinct, to bring us up to speed on that PFAS.” No presentation by Gagnon occurred at this meeting; the remark served as a scheduling note and an initial, high-level estimate rather than a finalized budget impact assessment.
Committee members discussed the estimate qualitatively; no formal vote or budget action was taken. The committee member emphasized the range depends on interest rates and the share of the bond Albany would carry. Chair acknowledged the estimate and asked that the solid-waste working group provide additional information when Gagnon presents.
What happens next: the solid-waste group is scheduled to meet next Thursday; the committee expects to receive the PFAS briefing and more detailed numbers at that time. The committee did not adopt any changes to the solid-waste budget during the April 8 meeting.
