Groton, Conn., voters will in November will decide whether to issue up to $11.2 million of bonds to cover the cost of a five-year plan to fix town roads.
The Representative Town Meeting voted 21 to 8 to approve the referendum, the Mystic River Press reported.
The town charter requires a referendum greater than $750,000, the Press reported. According to the newspaper, Groton now pays cash for road construction projects and its capital reserve fund is minimal.
“This is a capital improvement. We ought to be paying for this over time as opposed to paying cash,” Town Manager Mark Oefinger said, according to the Press.
