Annual Town Meeting Article 19 proposes a change in how the town pays for nearly $1.5 million in fire equipment. The article seeks to revise the funding source for $1,496,853 from borrowing to the use of free cash. This financial maneuver is expected to save the town significant money in interest and financing fees.

Advisory and Finance Committee Chair Joseph Lai highlighted the efficiency of the proposal. By a unanimous vote... the advisory and finance committee recommends town meeting approve article 19 which will revise the funding source from borrowing to free cash, Lai stated. The change is projected to save the town approximately $500,000 in financing costs.

Motion: J. Lai moved that by a unanimous vote... the advisory and finance committee recommends town meeting approve article 19.

Vote: 14-0-0