**Debt**

The Debt series presents information about the municipal debt and related matters. Truro's debt is at an all-time high, with voter proposals that can take it much higher.

2024 Jan 1

7 months ago

## Debt Calculations and Calculator

### Determining total taxpayer cost is easily done with a a calculator from the Commonwealth.

Taypayer cost is like a personal mortgage: each payment goes in part to pay off the principle and in part to interest on the outstanding balance. Municipal finance is very similar. The Commonwealth provides a convenient calculator for anyone to download and do the computations by entering a few basic numbers: amount borrowed, interest rate, and term (years to payoff)

The Commonwealth provides an Excel spreadsheet that can be downloaded.

The example below shows a borrowing of $35 million at 4.5% for 30 years, which has a total cost to the taxpayers of $64,461,120

The Commonwealth provides an Excel spreadsheet that can be downloaded.

The example below shows a borrowing of $35 million at 4.5% for 30 years, which has a total cost to the taxpayers of $64,461,120

Tags: Debt

7m2024 Jan 1

8 months ago

## Overview of Municipal Debt

A municipal bond is a debt security issued by a municipality to finance its capital expenditures. This tutorial is provided by the Massachusetter Division of Local Services ("DLS").

Tags: Debt, Bond

8m