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    Saturday, May 11, 2024

    Waterford Board of Finance did its job

    On Jan. 6 the Waterford Board of Selectman unanimously passed $12.9 million of capital projects. According to the minutes, there was not only very limited information available to review, but also very limited discussion.

    I attended the Jan. 14 Board of Finance meeting in order to gain more insight into the scope of the capital projects.

    After about 20 minutes of listening to the selectmen's presentation, my opinion was the request was more akin to capital chaos.

    The presentation was at times confusing, convoluted, lacking in detail and contradictory. Conversely, the questions, commentary and advice the Board of Finance members offered was clear, concise and constructive. The result of their deliberation was a unanimous denial of the proposals in their current format and a respectful request to bring them back to the table in a more precise format.

    Capital projects require long-term bonding with interest, which the taxpayers are obligated to pay. The Board of Finance action to deny the requests was the responsible thing to do. Credit should be given where credit is due. Kudos to the members of the Board of Finance.