The Town applied for and received a $7,800,000 State Revolving Fund (SRF) zero-interest loan to assist in funding the water main expansion project which only pays for material and construction. Subsequently, the Town increased this request to $8,300,000 when submitting its updated application and design on October 14, 2022 due to anticipated increase in costs.
This SRF loan does not fund permitting, design, engineering, or other ancillary costs. To fund these costs and the repayment of the SRF loan the Town has appropriated the following funds through Annual Town Meetings and Election:
- $750,000 – 2021 ATM Article 10 – PFAS Groundwater (Borrowing)
- $9,000,000 – 2022 ATM Article 10 –Water Main (Debt exclusion)
- $9,000,000 – 2022 ATE Ballot Question 13 Water Main (Debt Exclusion)
- $2,000,000 – 2022 ATM Article 18 – PFAS Soil Investigation(s)