Amherst selectmen to discuss road repair proposal
A proposal to bond of between $3 million and $15 million for road repair will be discussed at the next selectmen’s meeting Monday. The meeting will likely be the last discussion before the town warrant is finalized.
In October, the Road Funding Analysis Committee, chaired by former Selectman Jay Dinkel, called for bonding roughly $15 million to do reconstruction of the worst roads in town.
The money could be bonded over a long period, such as 20 years, to avoid hitting taxpayers all at once. Alternative suggestions were to issue smaller bonds several times or give selectmen the authority to bond up to $15 million and spend as needed.
Selectmen appear to be leaning toward asking voters for a bond of $3 million to $5 million because a larger bond isn’t likely to pass in this economy, according to their comments in minutes of Dec. 22 and previous meetings.
The committee has also advocated increasing the summer maintenance budget from $700,000 to $1.1 million.
– Telegraph staff