New idea for road maintenance


Citing the deterioration in road conditions, Selectman Tom Hurley has a new idea for managing maintenance. Rather than use the town’s Chapter 90 money from the state directly on road maintenance, Hurley suggested the town take out a 15-year loan and perform the equivalent of 11 years of road work in one year. Meanwhile, the town would put the money it receives from Chapter 90 into an interest-bearing account and pay down the loan. According to Hurley’s calculations, money would have to be placed into the account for only the first 10 or 11 years, based on a 2 percent interest rate on the loan and a 1.5 percent interest rate on the interest-bearing account. Department of Public Works Director Joe Lynch said he appreciated the idea and that it might work, but that more research was required.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.