View Single Post
Old 12-15-2022, 11:36 AM   #197
John Mercier
Senior Member
 
Join Date: Jun 2021
Posts: 2,973
Thanks: 2
Thanked 529 Times in 435 Posts
Default

It does become part of the annual budget.
But because it is a bond premium... it isn't open to being adjusted.

I am not sure how they would word an open bonding amount.

Maybe bond up to... but not really sure.

Most often the design/build locks the number and then the amount is bonded at the next town budget vote or denied.
That process is then either dropped or repeated again for the next cycle until the bond warrant passes.
John Mercier is offline  
The Following User Says Thank You to John Mercier For This Useful Post: