Sorry, you need to enable JavaScript to visit this website.

Paying Back the Home

Wednesday, March 3rd, 2010

Burke Center
Burke residents had to decide whether to pay back the loan for the community building at 3.3% interest for fifteen years or at 3.46% over twenty years. 

The bank required the residents to vote on this issue before they approved the loan.  Sam Sanders, Selectboard Chairman, said, "I don't know it's a banking regulation.  They don't figure we know enough to know what we want to pay I guess."  Sanders hopes that the voters will approve the plan with the lowest interest rate which would be approximately $20,000.00 per year (roughly one cent extra per tax payer).