Board of Education member, at Oct. 24th meeting,
concedes that the bond costs are for building only. This means
when operating costs and interest are added, the real figure
goes up
over three times.
The Board had previously said that in 2002 taxes per
average home would only go up $134 per year. That just was
not true. The Board member admitted that when costs
were fully loaded with operating costs and interest it was
much higher. That was true in 2002 and this $40+ million referendum,
if passed, could cost this town over the next 20 years $160 million.