The Dec. 29 article “Towns unlawfully took property” states that “over due debt accrues 8 percent interest per day.” This corresponds to an annual interest rate of 2,900%, likely much higher than that charged by your friendly neighborhood loan shark.

Perhaps the reporter meant to say something like “overdue debt accrues at an annual interest rate of 8%, with the amount due calculated on a daily basis.”

Michael Ellenbecker

Concord