Swampscott Talks Best Use for Free Cash Windfall

Swampscott has $3.2 million in certified free cash, but as yet no clear plan for what to spend it on except to say that town officials don’t plan to completely fund a turf field at Phillips Park with it.

According to ItemLive.com, town officials seem to favor using a portion of the cash for the field project, but relyin on bonding and other cash sources for the rest; however, a group of petitioners in town wants to keep that option open and is submitting a town meeting petition calling for the entire project funding to come from free cash.

The proposal for a turf field is broken into phases, the first of which would cost $1.65 million and petitioners are asking the town to pay. The subsequent phases would be paid for by private donors.

To read more about the situation, including what individual town officials think, check out the ItemLive.com article.