Outstanding debt: Town’s borrowing has declined from $140 million to $60.7 million over last two decades

On average, American households have about $15,000 of credit card debt, according to NerdWallet.

Town debt peaked and has been in decline for more than a decade. Looming capital expenditure needs could change that, although town officials work to limit borrowing and try to time major projects so they don’t balloon the debt. Ridgefield’s outstanding debt has fallen from a peak of about $140 million after borrowing for the $90-million school bundle — renovations … read more

Pin It on Pinterest