Thursday, October 30, 2014

In the News: taxes for better roads

The Milford Daily News writes about the Franklin ballot question to fund road repairs.
Voting yes would move forward a $1.5 million dedicated override to raise money for road and sidewalk improvements. The town council must appropriate the funds annually with a two-thirds vote. Councilors would not be able to use the revenue generated for anything other than roadwork, though it may tweak the amount needed each year. 
Starting this fiscal year, the override would increase the taxes on a single-family home valued at $360,000 – the average valuation – by roughly $130 per year. 
According to Town Administrator Jeffrey Nutting, the town needs the extra funds to get to a nearly $50 million backlog of road and sidewalk repairs. Franklin has more than 200 miles of roads, many of which need some level of work. 
With annual state funds, normal town allocations, and override monies, the town could reserve about $4 million every year for roadwork, Department of Public Works Director Robert Cantoreggi has said.
continue reading the article in the Milford Daily News here (subscription may be required)

Additional details on the road plans can be found here

road work on Lincoln St during August 2014
road work on Lincoln St during August 2014

No comments:

Post a Comment