Thursday, March 29, 2012

Franklin voters approve tax hike for $104.5m high school

The Boston Globe YT (YourTown) Budget Blues website provided an update on the election results.

Sent to you by Steve Sherlock via Google Reader:

via YT: Budget Blues on 3/28/12

Construction on a new $104.5 million Franklin High School is scheduled to begin in the fall after residents voted Tuesday to override Proposition 2 1/2 by a nearly four-to-one margin.
With nearly 50 percent of the town's voters going to the polls, 7,988 were in favor of the override for the town's $49 million share of the project, while 1,982 were opposed.

Owners of a home valued at $352,700, the average in town, will pay an additional $260 in taxes starting in 2017 and ending in 2040, according to Town Administrator Jeffrey D. Nutting.
The state will pick up the remaining cost of the new school, which should be completed within two years on land now used for baseball and softball fields next to the current facility.

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