GOV Joint Capital Exp and Debt Service 8 10 2026

This was a joint capital expenditure and debt service planning meeting held by the Nashua Board of Aldermen on August 10, 2026. The meeting focused extensively on reviewing and updating the city's five-year capital improvement and bonding plan, including authorized and unauthorized debt for various infrastructure projects such as paving programs, parking garages, public works facilities, library renovations, and fire department maintenance. The finance team presented detailed debt service projections aligned with a target bonding amount of $25 million annually, discussing the impact on tax rates and the importance of balancing bonding with available surplus cash to minimize interest costs. Committee members debated project prioritization, the timing of bond sales, and the potential to adjust or defer certain projects to maintain fiscal stability. A motion was made and passed to approve most items in the plan (items 13 through 26), while item 12 (the public works garage project) was set aside for separate consideration due to a conflict of interest. The meeting underscored the need for ongoing policy discussions about integrating capital spending into the operating budget and managing debt service to ensure predictable tax impacts.