The last sentence about tow town’s outstanding debt in the Dec. 16 story headlined “Bond is sold at 3.844%; taxes to rise $459 a year” was in error. The table it referred to shows the principal amounts of bonds authorized ($116 million in total), not the amount that is outstanding. The town pays debt service each year and a portion of that pays down principal. Outstanding debt, including the most recent bond issue, is roughly $104 million, according to Director of Finance Colleen Wilkins.
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