NEW GLOUCESTER – Voters will decide Jan. 30 whether to finance a new $2.3 million fire station with $1.37 million in bonds and $905,000 in local money.

Selectmen approved the funding package Thursday. It calls for a 10-year bond for $1.374,549, $632,694 in capital reserves and Pineland Tax Increment Financing money, and $272,757 in a special fire station account.

The town’s undesignated fund balance of $4.8 million will not be tapped to construct, design or equip the station on 25 acres near Pine Tree Seeds on Route 100. The town Budget Committee unanimously opposed using surplus money.

The town requires a minimum of $1.5 million in the account for emergencies and has built up the surplus over the past 17 years, Selectman Steve Libby said.

The board met twice within 24 hours to reach its decision Thursday, then signed the warrant for the Jan. 30 special meeting.