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Winchester OKs borrowing to $350K to start North Reservoir Dam project

Wicked Local The Winchester Select Board voted on March 8 to approve the borrowing of $350,000 from the town’s general fund account for the North Reservoir Dam project. The project was authorized at the 2020 Fall Town Meeting for just over $6 million. The reason for the borrowing is to start the project before permanent borrowing happens in July. “This allows them to spend money before the borrowing is done,” Town Treasurer Sheila Tracy said. “The Department of Revenue requires this process to set out in writing the approval of the (Select Board). Then in fact we can use that money before we actually bond the project.”

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