⏩ RESIDENTS APPROVE BORROWING ABOUT $30 MILLION FOR PROJECTS
New Milford residents gave the town the go-ahead to borrow about $30 million to complete new and existing projects.
Up to $21.5 million would be used for new projects that include the library, roofs and roadwork. These funds will be done as bond anticipation notices until the bids come back and Town Council has the actual costs.
Residents also approved $8.3 million in existing debt or debt that was already approved but hasn’t been borrowed. This figure includes the money for last year’s roadwork.
The new money is split with $10 million for road work, which includes paving, repairs and improvements. There’s also $6.5 million for the library modernization and $5 million for roofs on town and school buildings.