GOV Capital Expenditures Debt Service 6 25 2026

The Nashua Board of Aldermen held a meeting on June 25, 2026, focused primarily on capital expenditures and debt service planning. The discussion centered on a draft debt service spending plan that aims to maintain an average annual debt issuance of about $25 million plus inflation, with a current programmed average of $30.5 million. Key procurement-related topics included bond authorizations for major capital projects such as the Department of Public Works (DPW) garage and fleet maintenance facility, library renovations, fire training facility, ERP system, and pool rehabilitations. The board reviewed authorized and unauthorized debt, with unauthorized debt representing anticipated bond authorizations for priority projects yet to be approved. The plan also addressed recurring costs like the SURF program and paving, emphasizing the need to accommodate these in future budgets. Members discussed the timing and sequencing of bond sales to avoid budget spikes, the use of surplus funds to reduce borrowing costs, and the potential reinstatement of debt exemptions to manage the tax impact. Additional topics included the hydroelectric project, pedestrian bridge obligations, and the ranking and prioritization of capital projects. The meeting concluded with consensus on continuing to refine the plan and coordinate with legal counsel on debt exemption practices.