Well, hold the pineapples, because if you lent it to the town of
Thanks to its AAA bond rating,
That means, according to the town's finance director
McGinn couldn't recall getting a lower rate.
For long-term 20-year and five-year loans of more than
"I don't think we could do much better," he told the selectmen. The 20-year loans cover the costs of the downtown drainage project, the
It's the sixth year running that the town's bond rating has been judged AAA, the highest level, by Standard & Poor's.
"This is the good side of the interest rates," McGinn said. The negative side would be for any investments the town might have.
Ironically, McGinn acknowledged that someone isn't satisfied with the town's finances. An external auditor, Powers and Sullivan, has urged the town to adopt a written investment policy, which selectmen did last week.
McGinn summarized his policy directing the town's finances as a conservative one, dependent on a diversity in investments. "We do things that are safe," he said.
Asked why anyone would lend
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