Under budget — two words everyone loves to hear.
The town is getting some great news regarding the Miller-Driscoll school renovation project. Construction bids are in and they are a bit more than $5 million under budget. With state reimbursement of around $7 million, that brings the price of the project to $38 million for taxpayers.
What this means is that, barring major unforeseen circumstances, the town will not have to borrow as much money as originally thought. But even in the case of unforeseen circumstances, there is a sizable — $3.4 million — contingency to cover those costs. If things go well, some of that money will go unspent, too.