Watertown Common Council members voted unanimously Tuesday to authorize the sale of $3.9 million in general obligation promissory notes to pay for infrastructure improvements and new equipment.

Currently, Moody’s Investors Service assigns a Aa3 rating to Watertown’s $3.9 million general obligation promissory notes. The notes are general obligations of the city, and all the taxable property in Watertown is subject to the levy of a tax to pay the principal and interest on the notes as they become due.

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