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The committee requested future analysis of the potential financial effects of a new Shawsheen Technical School, including debt, borrowing costs, reserve planning, and possible changes to Bedford’s AAA bond rating. Members also discussed using financial “what-if” scenarios to explain potential outcomes at Town Meeting.
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The committee did not make a final decision on the school project, but members said Bedford needs a clearer estimate of its potential liability and financial impact. A future agenda item will examine how the project could affect the town’s long-term financial model, debt policies, and credit rating. The committee also elected Ben Thomas as chair, Philip Prince as vice chair, and Tom Rowan as secretary, each by an 8-0-0 vote.
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