Quote:
Originally Posted by TiltonBB
One upside that has not been mentioned is that if this property is developed as planned that town will realize a significant increase in taxable value and therefore tax revenue when it is completed. And, not to generalize, but when people purchase the higher cost homes often they are beyond their child raising years so the occupants of these properties will likely contribute substantially to the town's finances while being a minimal burden on town services.
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What do you think will happen? That revenue goes to sustaining the current town budget and thus reduces the tax burden on everyone else - or the budget balloons as new ways to spend the windfall are found?