Bonds for the Bio mass system and you can find details here;
Municipal Bond Offerings | Edward Jones
click on that link and under current bond offerings, you look for Narragansett Regional school district and click on that and read and enjoy.
Some information in that document is as follows;
Fiscal 2016 Operating costs, showing the Town, % of total and its share
Fiscal 2016 Fiscal 2016
Town Operating costs % of total capital costs % of total
Phillipston $1,546,129.00 22.26 $ 94,262.00 17.97
Templeton 5,398,510.00 77.74 430,553.00 82.03
Fiscal 2015 Fiscal 2015
Town Operating costs % of total capital costs % of total
Phillipston $1,510,958.00 22.751 $ 92,584.00 17.65
Templeton 5,130,328.00 77.249 431,969.00 82.35
Apportionment of debt service on the bonds
The payment of pinciple and interest on the bonds will be apportioned to the member towns. Payments of principal and interest on the bonds are to be apportioned to the member towns as a capital cost on the basis described above. The apportionment for fiscal 2016 will be as follows:
Town % of total
Templeton 82.03
Phillipston 17.97
I think it is time for the Board of Selectmen to vote to increase the Phillipston share of Templeton dispatch costs. If Phillipston share is not in the 100 thousand dollar range yet, it needs to be increased to that range now. Since Templeton pays 80 % of freight on the school, I feel Phillipston should pay more for dispatch services, as Phillipston has no expense of a building, equipment, benefits nor debt service for the new addition to the police station. Time for selectmen of Templeton to look out for benefit of Templeton taxpayers and demand more funding from Phillipston txpayers. I see this as only fair since dispatch costs for the Templeton taxpayers have increased significantly.
Sounds like another question for Templeton selectmen to answer.
Jeff bennett
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