Manchester (CT) Board Agrees to Savings Account for Fire Equipment

The Manchester (CT) Board of Directors has agreed to set aside $50,000 next year to fund purchases of large and costly fire equipment without borrowing.

The plan is to build up the fund so that by 2023 the department can purchase its trucks outright as needed rather than bonding the cost, as has been done in the past, and still leave a balance of at least $350,000.

About $3.45 million is needed every 12 years to replace aging pumper and aerial ladder trucks that historically have been bought with five- to seven-year loans.

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