- Associated Press - Wednesday, April 8, 2015

DANBURY, Conn. (AP) - Danbury officials intend to take advantage of historically low interest rates to significantly increase capital spending to repair bridges, replace school roofs, pave roads and buy public safety equipment.

Mayor Mark Boughton tells The News-Times (https://bit.ly/1c7Y6YG ) that the $30 million proposed for various projects is six or seven times greater than a typical annual capital budget of $4 million or $5 million.

Boughton has proposed a $238 million budget Tuesday that includes a 2.4 percent tax rate increase.

The city’s debt service will be lower next year because it has repaid amounts borrowed for several large building projects.


Information from: The News-Times, https://www.newstimes.com



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