LETTER: Use Existing Taxes to Fix Abbot Hall
This letter to the editor was submitted by Palmer Road resident Jack Buba.
To the Editor: The Selectmen have just proposed a Prop 2 ½ override for $2.1 million dollars to fix Abbot Hall. Surely no one wants town hall to fall down, but here is how the Selectmen can fix Abbot Hall without an override: If the town borrows $2.1 million to fix Abbot Hall over 20 years at 3.5% the yearly payment is just about $140,000 per year; that is less than1% of the total town budget. (The annual town budget is over $71 Million.) So the Selectmen can fix town hall themselves without an override if they just put less than 1% of the total town budget towards this very important cause. However, the Selectmen have a policy whereby they do not spend regular property tax money on long term expenses. They spend all the tax money on…
