Select Board approves $5.2 million note sale

Select Board · Meeting of October 26, 2026

TYNGSBOROUGH — The Select Board voted 5-0 to approve a $5,207,476 bond anticipation note sale at 3.73 percent. At a short virtual special meeting, the board adopted the vote awarding the sale to Oppenheimer & Co. The notes renew maturing debt for the middle school, a fire engine, fire station design and police exterior work, and add no new projects.

Town Manager Colin Loiselle said the town expects the MSBA audit of the middle school to finish within a year. The town would then likely replace the notes with a single bond. The sale includes $4 million for the middle school, borrowed $1.4 million below its authorization, and $719,000 for the fire engine, $180,000 under what Town Meeting authorized.

Hilltop Securities handled two bids. The rate is slightly higher than last year's.

In the full story:

• Opening and Procedure
• Bond Anticipation Note Sale
• Substantive content. The total sale is $5,207,476. The board heard it consists of four pieces
• Board Reports: Roadside Birth
• Town Meeting Reminder
• Adjournment
• Who Was There
• Organizations And Documents Referenced
• The complete report: 1,572 words

Source: the Select Board meeting of October 26, 2026, reported from the official video recording and transcript.

Checked against the record: before publication this article was automatically compared with the meeting transcript. It was corrected where it differed.