By John McNamara State Rep. Rick Lopes (D-24) has filed a bill requiring municipalities or water companies to "complete a fair market appraisal of any property encompassing a watershed, well or reservoir before such property may be sold, and to make such appraisal public at least 90 days prior to such sale." Lopes' proposal is … Continue reading Legislature Takes On Water Issues; Rep. Lopes Bill Requires Fair Market Value For City To Sell Wells, Watershed Land
Month: February 2017
City Hall Watch: Deferring Municipal Debt Payment Means Cash Now, Higher Interest Next Year
By John McNamara The Stewart administration is shifting $6 million from a scheduled payment on the city's rising municipal debt--- creating an election year windfall to avert yet another tax increase. The Common Council approved what representatives of William Blair & Company, the city's bond counsel, called a "re-structuring" of a $28 million bond at a special meeting … Continue reading City Hall Watch: Deferring Municipal Debt Payment Means Cash Now, Higher Interest Next Year
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