EagleTribune.com, North Andover, MA


May 21, 2014

Count down to Hunking election

Mayor files $61.5M borrowing order


The mayor has said the city can’t afford to build the new school without a debt exclusion, which allows the city to exempt its share of the cost from the constraints of Proposition 2-1/2. That law limits how much a community can raise taxes in a given year.

Without a debt exclusion, the city would have to pay its share of the cost in its annual operating budget. To do that, there would have to be “massive cuts” in other spending, including money for police officers, firefighters and teachers, the mayor said.

The plan, if the debt exclusion is approved, is to start building the new school next spring.

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