Letter: Southborough Town Debt, The Big Picture

[Ed note: My Southborough accepts signed letters to the editor submitted by Southborough residents. Letters may be emailed to mysouthborough@gmail.com.

The following letter is from Al Hamilton, a member of the Select Board.] 

To the Editor: 

Over the past year, as we have been discussing the Neary Project, a number of citizens have asked about the “Big Picture” that includes all the things we might want to do and how we might pay for them. To date I have not seen a comprehensive analysis of that Big Picture. Over the past month and a half, I have been working on pulling together a picture of our town debt and the impact of all the things we might consider using our debt capacity for. Unfortunately, I was not able to present this analysis prior to the Select Board 4-1 vote in favor of the Neary Project. I offer my analysis here to the citizens in hope that it helps inform Town Meeting members prior to May 10th meeting and the voters on May 13.

[view video here]

Al Hamilton
35 Pine Hill Road

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John Kendall
1 day ago

Thanks Al. I just hope the whole board recognizes all of this. I also hope the voters use good sense. I don’t want to have to move out of town due to high taxes

Michael Nordstrom
7 hours ago

Very helpful Al! I’ve been looking for an analysis like this for some time. We need a good pros/cons analysis of the Neary project exceeding the debt guardrail of 10% with options for keeping it within the recommended debt levels.

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