flag image

Sturbridge assesses new tax picture

School, town hall, water projects add to tax bills

The 19 percent of voters turning out Monday overwhelmingly approved a debt exclusion to finance the town’s share of renovation costs for Burgess Elementary. Christopher Tanguay. (click for larger version)
October 27, 2009
STURBRIDGE — Along with the recently approved Burgess Elementary School building and renovation project, comes a sizable price tag, even with the assistance of a state grant.

The $22 million loan — which will end up as nearly $34 million over the 20-year duration of the loan — will be paid back through local tax bills. Although the impact of this particular debt will not appear on tax bills for another couple of years, it will do so on the heels of several other tax-increasing factors that have some residents concerned over what may be a significant increase in a short amount of time.

Earlier this year, the town made the shift from a split tax rate to a single rate, which brought both commercial and residential rates to $14.55 per every $1,000 of assessed value.

For businesses, the switch meant a 19-cent decrease, from $14.74 per $1,000. For residents however, the switch represented a nearly $2 increase, up from $12.66 per $1,000.

See Thursday's Southbridge Evening News for complete coverage of community news.

inclusion image
inclusion image
  • Meet 2019
Thanks for visiting Stonebridge Press and Villager Newspapers