During the recent CIP Advisory Committee meeting in Milford, NH, held on May 31, 2025, discussions centered on the strategic approach to bonding for a significant project, with a focus on ensuring financial security and state funding reliability.

Committee members deliberated on the potential risks associated with bonding a full amount of $4.3 million before securing the state's commitment of $10 million. The consensus emphasized a cautious approach, suggesting that the district should initially bond only $500,000 to align with the state's $1.5 million contribution. This strategy allows for flexibility, enabling the district to withdraw from the project if the state fails to fulfill its financial obligations.

Historical precedents were cited, indicating that the state has consistently met its funding commitments in previous projects, which provides some reassurance. However, the committee acknowledged the importance of monitoring bond rates closely, as fluctuations could impact the timing and amount of bonding necessary for the project.

The discussions highlighted the need for careful planning and negotiation with state officials to ensure that the project remains viable and financially sound. As the committee moves forward, the focus will remain on securing the necessary funding while minimizing risks to the district's financial health. This proactive approach aims to safeguard taxpayer interests and ensure the successful execution of the project.