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Taxdpayer the 1.25 is not the interest rate they are charging us....they want to charge us 1.25 over what they borrow it at. Ladouceur had stated(in previous article)that we will pay under 5% so I ran the numbers at 4%. It will likely be 4.99% if he say under 5%. The other interesting thing is that the work hasn't even gone out to bid yet so there 33M could be what they hope it will cost and not actual. Any way you look at it, it will be more than 315. per quarter. That was a low ball estimate.

From: Equal sewer assessments ‘unjust,’ homeowner tells council review commission

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