On November 6th Groton residents will be voting (Question #1) on a road rehabilitation ordinance that states bonding worth $11.2 million. What it does NOT tell you that it incurs $2.371 million in interest if all the money is bonded. That puts the real total to $13.5 million for 5 years of work while we continue to pay for it until 2027. Why can't we pay for it when we do it WITHOUT the interest? If this passes there are more road bonds planned right after this one. During discussion on this at the RTM meetings it was stated that this would make the roads easier to plan. So now we are incurring millions in interest for the ease of planning? I say what are we paying the planners for?
Town revenues have been declining, mill rates rising and businesses are leaving. Groton is now labeled as a 'distressed' town in the eyes of the state. We are on a bad trend with our town budgeting and we need to get smarter about it. I am not against fixing the roads, I think there is a more responsible way to pay for the roads.
As for the Senior center, the 5 year limit on its bond is about to expire on Nov. 6th. The town has spent $8.925 million of the approved $11.77 million. The town would like to re-appropriate $370K past the 5 year point because some of the 'wanted' mods did not get approved in the previous design. My question is, are these mods needed and necessary? Knowing that some of the mods got denied in the FYE 13 TC budget, I would say NO. A special RTM session will be called to try and approve this.