Select Board Approves $66.2 Million Bond Anticipation Notes for Capital Projects
Westborough Select Board approves $66.2 million bond sale, secures favorable terms. Treasurer Barbara Walls and Finance Director Jon Steinberg presented General Obligation Bond Anticipation Notes sold March 3 to Jefferies LLC at a base rate of 4 percent with effective net interest cost of 2.39
Select Board · Meeting of March 10, 2026
Westborough Select Board approves $66.2 million bond sale, secures favorable terms. Treasurer Barbara Walls and Finance Director Jon Steinberg presented General Obligation Bond Anticipation Notes sold March 3 to Jefferies LLC at a base rate of 4 percent with effective net interest cost of 2.39 percent and premium of $622,155.64, approved 5-0-0. The board also unanimously approved a solid waste amendment reducing per-ton recycling charges from $120 to $35, yielding estimated annual savings of $20,000, and voted 3-2-0 to support a Ferris Development zoning map amendment for mixed-use development at One Research Drive, which proponents describe as generating $2 to $3 million in annual tax revenue. ===END BRIEF===
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Source: the Select Board meeting of March 10, 2026, compiled from the official minutes.
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