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Select Board approves applying $69,888.70 in impact fees toward regional school tax credit
Summary
The board voted to apply $69,888.70 (including $89.51 interest) in impact fees collected for 06/01/2025–05/31/2026 to the regional school district bond/school taxes as has been done historically; staff said the funds must be transmitted ahead of the school fiscal deadline.
Finance staff reported that impact fees collected between June 1, 2025 and May 31, 2026 totalled $69,888.70, which includes $89.51 in interest. The Select Board moved and voted to apply that amount as a credit toward the town's regional school district school‑tax obligation, consistent with historical practice tied to the bond.
A finance presenter noted that the town follows the school district fiscal year in applying impact fees and that the payment must be transmitted in time to be applied against school taxes (staff indicated mid‑July to early August is the operational window). "These totaled $69,888.70, which includes $89.51 of interest," the finance presenter reported during the discussion.
Board members asked whether the planning board needed to adopt an ordinance for impact‑fee application for infrastructure; staff said the current impact fees were established for the school bond and that any change to repurpose impact fees for roads or other infrastructure would require further study and likely ordinance action by the planning board.
The board then moved to approve applying the $69,888.70 to the regional school tax obligation; the motion passed by voice vote with no opposing votes recorded.
