Kingston Sewer Department Receives $3.2 Million Miramar Deposit at June Meeting

KINGSTON — June 23, 2026 — Kingston Sewer Commissioners received a $3.2 million Miramar project deposit, confirmed by text message at the close of the June 23 meeting. The board had spent much of the session working through an investment strategy for the funds, settling on a trust fund structure managed through Rockland Trust under the state's prudent investor law; of the $3.6 million total arrangement, $600,000 is accessible immediately while $2.5 million must be held as a liability until the underlying contract is complete. A town financial official estimated the invested funds could generate roughly $150,000 per year in interest, which the department is entitled to retain under the terms of the Miramar agreement. Commissioners also approved a $21,800 purchase order for a sole-source impeller assembly to repair a damaged pump at the Jones River pump station, with an eight-week delivery lead time. Year-end sewer revenue was reported at $1.655 million in user fees and approximately $562,456 in septage receipts, with the leaching field generating an additional $165,751.