During the recent Town Meeting Info Session in Norwood, a significant discussion emerged regarding the town's water infrastructure, specifically the urgent need for the replacement of aging water tanks. Public Works Director Mark Ryan highlighted the critical state of the town's water system, noting that one tank is 85 years old and the other is 65 years old, both of which are past their life expectancy and contributing to worsening water quality issues.

The town is seeking an additional $3.7 million in borrowing authorization to address these pressing concerns. This request comes after initial project costs ballooned from an approved $14.1 million to bids exceeding $17 million, largely due to rising costs and regulatory challenges associated with water projects. Ryan emphasized that failing to proceed with the replacement could jeopardize the town's water supply, as the current tanks are not only inefficient but also pose risks to water quality.

In addition to the water tank discussion, the meeting also covered the establishment of a capital stabilization fund aimed at improving the town's financial stability. This fund would be financed through free cash and would require a two-thirds majority vote for appropriations. The goal is to create a financial buffer for future capital projects, potentially reducing the need for borrowing.

As the town navigates these financial and infrastructural challenges, the urgency of the water tank replacement and the establishment of a capital fund are poised to play a crucial role in ensuring Norwood's long-term sustainability and public health. The town is expected to move forward with these initiatives, with decisions anticipated in the upcoming town meetings.