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The committee funded $715,000 for the Old Mill project this year—$570,000 from the regular budget and $145,000 from undesignated reserves—while delaying a bonding decision pending financial analysis. It also committed approximately $3.97 million to current projects, excluding administrative and existing bond-servicing costs.
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The Old Mill will continue through a phased preservation plan rather than being financed immediately with a new bond. The committee will seek information on interest rates, annual payments, and debt impacts before reconsidering bonding. Other funded projects include affordable housing, open-space improvements, parks and recreation fields, and several historic-preservation efforts; Safe Harbor for Pets received no funding and was deferred.
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