Where Are Our Financial Priorities?

Different groups are calling for the town to borrow money for different purposes. Some want money borrowed for improvements of the athletic fields and recreation sites, and others want money borrowed to buy open space. There are many points to be considered.

Point one: We are already paying way too much debt service. High debt payments result in less money available to operate the town. Personally, I don’t support any new borrowing until the Middle School Bond is paid off. What should our priorities be; is it more important that we have funds to hire teachers, firemen and police, or that we have a concession stand restroom facility at the football field?

Think carefully and wait for all the financial facts to be laid out before jumping on board what could end up being a financial train wreck that will send taxes sky high.

Click here to see the debt ratio page included in the report which was prepared by the Town's financial advisers in March of 2017.

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