Selectmen Meeting Notes
Selectmen Notes: Town's Average Tax Increase is 2.6 Percent; Officials Support Timilty's MSH Amendment
The Medfield Board of Selectmen met Tuesday to discuss the following town business.
Town Administrator Michael Sullivan reported that the average tax increase, from fiscal year 2006 to present, is about 2.6 percent. “It shows that we are not spending excessively,” said Sullivan. “Our problem right now is a decline in revenues, particularly from local receipts other than property tax and state aid.” Sullivan said that many people, if asked, would estimate the tax increase to be between five and six percent when it is actually less than half that amount. He said the town will save an additional $150,000 in interest when, this week, it refinances $13.8 million in bonds, including $12 million for three school projects, $1.4 million for water main replacement on North and Green Streets, and $400,000 for additional work on the…
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