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Town posts resident tax-impact calculator ahead of $109 million school vote; finance team models $600 average impact

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff and volunteers built an online calculator that lets homeowners estimate how the proposed $109 million school project would affect their tax bills; board members and advisory committees modeled scenarios showing roughly $600 average annual impact for an example house in peak years.

Select Board members and volunteer advisers presented a resident‑facing tax‑impact calculator on April 29 to show how the proposed $109 million NEARIE elementary‑school project could affect individual tax bills.

Andrew (Select Board member) and finance staff said the project cost in the model is $109,000,000 with an anticipated MSBA reimbursement of about $35,000,000; staff included a scenario in which supplemental federal or state energy grants reduce the town’s net borrowing to roughly…

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