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Town Debt Service

Guest Angry Taxpayer

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Guest 2smart4u
Does anyone know what the town's debt service is ?? That's the total amount of

bonded debt the town owes.

They don't share that information in town hall, but my guess would be well over $100,000,000. They've been borrowing money left and right for this redevelopment project. The metrostars, developers, bankers, attorneys, politicians , etc. are all going to benefit from all this spending, but guess who gets to pay the increases in taxes for this huge debt. For a square-mile town of some 12-14,000 people to have this much debt is unbelieveable .

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