2024-03-13 — RE: FY25 debt payment
From: "Carter.Mary <MCarter@whitman-ma.gov>" <MCarter@whitman-ma.gov>
To: 'John
Cc: Szymaniak; Jeffrey; Lytle.Kenneth; Keefe.Kathleen
Bcc: jeffrey.szymaniak@whrsd.org
Date: 2024-03-13 12:08
Subject: RE: FY25 debt payment
Hi John,
I need to lock in the budget numbers for next year’s debt for the WMS.
I just want to verify that at this point the amount of $240,000 that is projected to come due in FY 2025 for interest
on the $6M BAN at a rate of 4% outlined below is still the most accurate budget number to use?
Greatly appreciated,
Mary Beth
Mary Beth Carter
Town Administrator
Town of Whitman
781-618-9704
From: John Stanbrook <john.stanbrook@whrsd.org>
Sent: Wednesday, January 31, 2024 8:09 AM
To: Lytle.Kenneth <KLytle@whitman-ma.gov>
Cc: Carter.Mary <MCarter@whitman-ma.gov>; John Stanbrook <john.stanbrook@whrsd.org>
Subject: Re: FY25 debt payment
NOTICE: EXTERNAL E-MAIL
This message originated outside of the Town of Whitman E-Mail system -- PLEASE DO NOT CLICK on links or
open attachments unless you are sure the content is safe.
- Technology Services
Hi, Ken.
Mary Beth said that she wants to pay off the WMS Feasibility Study with ARPA funds. So I don't have any debt payments for the WMS Feasibility Study in FY25.
The payoff of this BAN with ARPA funds should probably be put on the May Town Meeting warrant, as the rollover date is 6/1/24.
At our meeting with Lynne Welsh back in December, we discussed a $6M BAN for the WMS Construction Project taken out this spring and first payment due in FY25.
I put in 4% as an interest rate, so $240,000 will be the FY25 Budget for the WMS Construction BAN and that $240,000 is debt excluded on the FY25 tax rate.