Background information on funding for the school project has been added to the February 26 story headlined “Town gets good news on school borrowing costs“:
Voters in December approved borrowing a total of $88.5 million for the school project, which will cost a total of $93.9 million. The initial bond is for $80 million; the rest of the funding includes $4.4 million from the town’s debt stabilization fund and $1 million from free cash.
