The ship has sailed; ready for high winds and heavy seas.

No that it has already been reported work will begin this summer on the new school and the money for this will most likely come from a BAN or bond anticipation note, other words, short term borrowing in one year periods and yes, this costs money thru interest rates and this is the method used until probably 2019 when the long term bond (s) will be issued to pay for this 47 million dollar project. No one can say for certain, but there is a high probability Templeton will have a bond rating by then. What will it be will remain a mystery, though it is likely a good bet it will be a low one such as A or A1 and that will be that. I  think if you look at the laws, the town has a legal right and authority to borrow money to build a school. They certainly have a town meeting vote and a ballot vote to back it up.

Jeff Bennett