Waldoboro citizens will vote Tuesday on the proposed refinancing of $1.15 million of water department bonds.

The town anticipates it will save $114,000, based on today’s interest rates, over the life of the bonds if voters approve Article 2, which would authorize the Board of Selectmen to refinance the 2003 bonds.

Town manager John Spear said that lower interest rates could be available when the Maine Municipal Bond Bank has its spring issue.

Some Waldoboro residents said uncertainty about the terms made them uncomfortable.

“What do we know on this one?” said one resident, Duncan Morrell, who was quoted in the Herald-Gazette newspaper.

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