Town prepares for $166575 White Cliffs Bond payment amid fiscal discussions

The Northborough Select Board meeting on April 9, 2025, highlighted a significant financial commitment regarding the White Cliffs Bond payment, which amounts to $166,575. This payment marks the eighth installment on the bond, bringing the town closer to fully paying off the original loan.

During the discussion, it was confirmed that this payment is included in the new fiscal year 2026 revenues, ensuring that the town can afford it without financial strain. Board members emphasized the importance of this payment, noting that if it does not pass at the upcoming town meeting, the town would still be responsible for covering the bond payment outside of the Community Preservation Act (CPA) funding.

The conversation underscored the town's commitment to fulfilling its financial obligations while maintaining transparency with residents about the implications of the bond payment. As the town prepares for the town meeting, the Select Board is focused on ensuring that all financial matters are clearly communicated to the community.