Interest Rate? - 27 East

Letters

May 1, 2023

Interest Rate?

I have been reading the columns, opinions and ads regarding the proposed Marsden purchase [“Marsden Debate Heats Up as Vote Approaches,” 27east.com, April 26], but none of them indicate, if the purchase is approved, what the interest rate will be on the bonds issued to complete the purchase.

Interest on those bonds will be a continuing annual expense for the district to pay and ultimately for the village, which funds the village schools. We should know what that annual expense will be.

Michael Feirstein

Sag Harbor