Scituate Secures Low Interest Rate of 3.23% on $45 Million Bond for Cushing Elementary School and Critical Infrastructure Projects

SCITUATE - December 2 - In a major financial victory for Scituate taxpayers, the Select Board voted unanimously on December 2 to award a $45 million general obligation bond at a 3.23% interest rate — significantly lower than the 4.75% rate estimated when voters approved the projects. The favorable borrowing terms will save residents 17% over the life of…