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=B
<br /> T
<br /> ANNUAL COST OF PRINCIPAL & INTEREST ON
<br /> CAPITAL DEBT F
<br /> TOTAL EXPLANATION 7
<br /> FISCAL YEAR PRINCIPAL DEBT li
<br /> INTEREST PAYMENT
<br /> 2009 $3,085,826 $1,310,121 $4,395,947
<br /> 2010 3,075,964 1,118,132 4,194,097 7
<br /> 2011 3,023,125 979,791 4,002,916
<br /> 2012 3,007,995 842,303 3,850,298 B
<br /> 2013 2,875,172 722,919 3,598,091
<br /> 2014 2,865,965 597,412 3,463,377 >T
<br /> 2015 2,838,170 475,904 3,314,074 a
<br /> 2016 2,679,602 345,937 3,025,539
<br /> 2017 2,130,865 231,689 2,362,554 13
<br /> 2019 712,630 141,575 854,205
<br /> 2020 669,243 116,469 785,712 ^�
<br /> 2021 665,710 91,100 756,810
<br /> 2022 608,796 66,088 674,884
<br /> 2023 413,796 45,900 459,696 F
<br /> 2024 433,384 30,900 464,284
<br /> 2025 288,384 16,000 304,384
<br /> 2026 273,500 5,300 278,800 l
<br /> TOTAL $30,369,258 $7,305,299 $37,674,557
<br /> l„ Fire Substation 2,100,000 992,500 3,092,500
<br /> Library 5,500,000 2,598,750 8,098,750
<br /> WCi
<br /> TOTAL
<br /> I
<br /> Budget Note #7: Pensions and Unemployment: (+ $99,977)
<br /> i, A 5.8% increase in employee pension contributions has been projected for the coming year. School employees
<br /> included in this county administered retirement plan.
<br /> Budget Note#8: Medical Insurance and Medicare: (+ $477,671)
<br /> i A 9.6% increase in employee medical insurance premiums is budgeted for the coming FY, which also includes
<br /> school employees. This follows a 9.9% increase in FY 08.
<br /> FinCom Comment Note E:
<br /> i With the cost for medical insurance premiums representing over 10% of the total operating budget, and the cos(
<br /> a family medical plan approaching $20,000 a year(75% paid by the town), the Board of Selectmen and Town
<br /> Manager must be very diligent about the administration of the plan, must explore all possible ways to contains
<br /> i and should develop strategies to limit future increases, to the extent possible.
<br /> �N
<br /> i
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