HUB status in Moultonborough

[John Mercier]

Originally Posted by Descant

There are several schools/colleges with pools and grand athletic facilities that can be used for cost comparisons, both building and operating costs. Paying $23K for somebody to develop similar figures is a waste of (taxpayer) $$.
If Moultonborough was founded in 1777, then the 250th Anniversary plans should be getting underway soon. Most towns have a small operating surplus at the end of the year, and Town Meeting votes as to what to do with that $$. Usually, the vote is to reduce taxes, but you could also vote to establish a capital reserve fund to build a recreation facility.
Of course, if such a facility were reasonably financially viable, many towns would have one, not just colleges and prep schools. (Watch and see what the colleges build when students start getting $10,000 loan forgiveness and tuition skyrockets.)

I believe that the $23k is coming from the established capital reserve fund.

[ITD]

Originally Posted by John Mercier

I believe that the $23k is coming from the established capital reserve fund.

Aren't those funds used to keep bond prices down?

[John Mercier]

Not really.

Think of it like setting a little aside every year to purchase a new vehicle instead of waiting till you need one and then financing the whole thing.

With the CRF you are paying ahead and earning interest (but usually losing to inflation), with a bond you are borrowing then repaying with devalued dollars.

Usually enough CRF gets used with the bonding to make the payment seem much lower.

Just various groups have realized that the CRF is a lower voting threshold than the bonding; so it has become much more popular.