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Menu TOWN OF Easton Bristol County, MA Town Administrator Connor Read Overview Revenues Expenditures Demographics Debt Join The Conversation Mark Tuniewicz 6 years ago Greetings, Team Easton! Nice job with the new and improved financial presentation. One question about debt levels--we know it can change over time, go up and down as old bond issues are retired, and as new needs (schools, sewer capability, etc) are funded through municipal bonding. So, other than trends in total indebtedness, how else should we as citizens be thinking about our level of bonding, and what metrics are out there that can be easily brought into your presentation. Debt as % of total revenue, for example? I'm sure there are established standards in municipal finance. Many thanks.....Mark Tuniewicz. Reply David Colton 6 years ago Thanks for the feedback! Yes, debt as a percent of revenue is an important statistic and bench-marking that against other communities would be useful. We like to keep our debt service (annual principle and interest payments) at about 7% of general fund revenue to ensure that there will always be some capacity for borrowing to address capital needs. Another area that is under appreciated is the amount of exempt from proposition 2 1/2 debt communities carry. Differentiating between these two categories is something I'd like to add. Once we get through this budget year we will look at ways to improve our ClearGov presentation. David Colton Reply Submit Your Comment 2021 ClearGov, Inc. 2 Mill & Main Place, Suite 630 Maynard, MA 01754 (855) 553-2715 info@cleargov.com Capital Budgeting Personnel Budgeting Operational Budgeting Digital Budget Book Transparency About Blog Careers Terms & Privacy Selecteer een taal▼