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Posted on September 19, 2018 at 11:34 AM by Elizabeth Dukes
The countdown continues to the Fall Special Town Meeting scheduled for October 15 at 7PM in the gymnasium of the Memorial Elementary School. The warrant (notice) for the meeting contains three articles (proposals) for voters to consider.
Posted on September 12, 2018 at 9:38 AM by Elizabeth Dukes
By many indicators, the Town is on sound financial footing. We enjoy a Triple A rating from the bond agencies. We have a very healthy raining day fund and we are on track to fully fund our long term liabilities for retirees (pension and health insurance). We are embarked on an aggressive capital reinvestment plan as we aim to catch up on years of deferred infrastructure maintenance. And we benefit from a stable tax base with modest new growth annually. Town services are at a high level and also are stable with the exception of our call fire fighter force being in flux. Our multi-year operating projections for the Town reveal modest expenditure growth that can be handled by typical new growth and relatively modest property tax increases that are no higher than 2.5%. Our recent success with securing grants (over $4 million in the past 5 years) gives an important boost to our infrastructure projects and we anticipate this success to continue. Finally, momentum is growing to expand our tax base by allowing additional development that is environmentally sound in the Limited Commercial District which lies to the north of Route 128.
Posted on August 22, 2018 at 9:17 AM by Elizabeth Dukes