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Hubbardston discovers unrecorded 2017 debt exclusion; town staff racing to amend DE 1
Summary
A previously approved 2017 debt exclusion for a fire truck (~$250,000) was not recorded on the state's DE 1 tax form; the town must amend records and the omission will shift the debt onto next year's tax bills (cannot be applied retroactively).
Select Board members heard on Dec. 20 that the town’s new assessor discovered an omission: a 2017 debt exclusion for a fire truck (approximately $250,000) that voters approved was never entered on the Department of Revenue’s DE 1 debt-exclusion form.
Heather told the board the omission meant the town has been paying that debt from the general levy (free cash/operating budget) rather than reflecting…
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