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The Select Board unanimously approved $12.57 million in 20-year general obligation bonds at a net interest rate of 2.659%, including a premium. The Board also approved $200,000 in supplemental winter maintenance funding and updated senior property tax deferral limits.
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The bond approval authorizes financing for planned capital expenditures, with the bonds awarded after a competitive sale. Winter maintenance funding will replenish salt supplies after a snow-heavy season and increase the related Article 7 authorization to $1.1 million. Senior property tax deferral income limits will now follow the maximum set by the Department of Revenue, while Maugus Café received an all-alcohol license with service limited to 10 a.m. to 5 p.m. daily.
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