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Deputy assessor warns against optimistic new-growth forecast; urges caution for FY2026 revenues
Summary
Deputy Assessor Justice Graves told the Select Board the town should not assume $100,000 in new-growth receipts for FY2026 and recommended a conservative $60,000 figure to avoid creating budget shortfalls later in the year.
Justice Graves, Templeton’s deputy assessor, told the Select Board during citizen input and the revenue-review agenda item that town staff have found markedly fewer certificates of occupancy tied to new construction this fiscal year than in prior years.
Graves reported only three single-family homes had received certificates of occupancy so far in fiscal 2025, down from eight at the same point the prior year and 15 by the fiscal year 2024 year end. He…
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