By Chris Burns
Of course, a community center would be nice to have, but…
The town debt service today is greater than what we spend for the Police Department or L-S High School or the entire town government. How high should it go?
In the warrant for the March 26, 2022 Town Meeting, page 18 reads: “The Finance Committee understands that the large increase in debt service resulting for the required [$88.5 million] bonding for this [school] project is a burden for residents, and we have made it a priority to minimize the likelihood of requesting residents to approve any additional debt or capital exclusions over the next couple of years.” Is this fiduciary behavior when asking for an additional $16 million in debt less than two years later? This is a 20% increase in our debt load.
Please pay close attention as Lincoln’s debt soars toward $104,000,000 or $17,000+ per citizen, not household.
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