Duxbury Secures 3.5% Interest Rate on $18.1M Debt Sale

Board Seeks $4M Federal Aid to Combat Water Crisis

DUXBURY - April 3, 2026 - In a dual-track effort to stabilize town finances and address a looming utility crisis, the Duxbury Selectboard on Friday morning authorized an $18.1 million debt sale at a highly competitive 3.5% interest rate while simultaneously approving a $4 million federal funding request to mitigate the impact of PFAS “forever chemicals” on local water rates. The meeting highlighted both the town’s robust “AAA” credit standing and the stark reality of potential 30% annual water rate hikes if federal assistance or aggressive conservation measures are not realized.

The Full Story

The Friday morning session was primarily convened to finalize the execution of debt documents following an April 1st bond sale. Town Finance Director Mary MacKinnon and Treasurer/Collector Kory Lydon presented the results of a bidding process that saw 15 different firms compete for the town’s business. Fidelity Capital Markets emerged as the winner with a True Interest Cost (TIC) of 3.5198% [09:43].