Debt service

lunenburgbudgetproject.org — written by the Lunenburg Budget Project, an independent tool for residents. Not affiliated with the Town of Lunenburg, the School Committee or the school district. The data this page is computed from: /data/topics/town-debt-service.json

Debt service fell from $4,497,723 to $2,941,322, FY2023 to FY2025, the only one of the twelve groups to fall.

Principal and interest by year

PrincipalInterestThe whole group

The whole group also holds temporary-loan interest and fees, too small to see.

1 · The facts

$4,497,723
voted, FY2023
$2,941,322
voted, FY2025
6.7%
of the voted budget, FY2025
$1,556,402
less a year by FY2025
$1,832,253
principal, FY2025
$1,388,326
less principal than in FY2023
$1,101,717
interest, FY2025
-$636,277
a year above what 2.5% growth carries (ours)
our estimate
—
which bonds finished
not published
—
how much is paid outside the levy limit
not published

2 · What it shows

1
Principal fell $1,388,326 of the $1,556,402; interest fell less.
2
The total budget still rose while debt fell; the omnibus does not say where the room went.
3
How much of it is paid outside the levy limit, by exclusion vote, is not shown here.

The debt group’s lines

	FY2023	FY2025	Change
Principal-Loans	$3,220,579	$1,832,253	-$1,388,326
Interest-Loans	$1,272,701	$1,101,717	-$170,984
ЗА Admin Fees-Loans	$2,619	$1,365	-$1,254

Lines that appear in both omnibus budgets under the same printed label. A line whose label changed is not joined.

1 · The facts

2 · What it shows

Sources