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Would it make sense to close a library the city's renovating right now?

Good news for city finances could mean good news for patrons of the Brighton BPL branch, along with fans of Curtis Hall in JP and the Shelburne Community Center in Roxbury.

Tom Menino reports the city recently sold $87.5 million worth of bonds at 2.8% - the lowest rate in 30 years. He says the money will "fund the renovation of community centers and libraries," in particular, the ones above. In recent weeks, city officials have said they may have to close as many as 10 branch libraries and a number of community centers to balance city books for the fiscal year that starts July 1. The Brighton BPL branch is in the middle of a year-long, $5.5-million rehab, with re-opening scheduled for this fall.

The bond money will also help pay for road and bridge repairs, new street lighting and a new computer-aided dispatch system for the city.

Acccording to the mayor's office, both Moody's Investors Service and Standard & Poor's rating services gave the city high marks (Aa1 and AA+, respectively).

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Comments

The city listed this project as something that was being funded with stimulus money (ARRA). I wondered about that at the time, as the renovation was already planned, and may have even been underway. I think the Brighton branch renovation was supposed to be completed this spring, now it is October, and it has been about a year, maybe more, since it was closed.

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