Debt Exclusion Question Will Be on Town Election Ballot

Wayland Patch 3/2/11: Debt Exclusion Question Will Be on Town Election Ballot. The Board of Selectmen Monday night voted to place a debt exclusion question on the ballot for the April 5 town election. If the ballot question passes by 50 percent at the town election, it will provide approval for the town to borrow the funds. The specific debt exclusion items will then be considered at the Annual Town Meeting as part of the larger capital budget approval, which must pass with a two-thirds vote. During a brief presentation to the selectmen Monday night, Finance Committee Chair Cherry Karlson explained that total capital requests of more than $9 million were submitted to FinCom last October. In its budget, FinCom funded $4.8 million of those requests and is asking for $880,000 of that amount to be funded through debt exclusion.

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