Quote:
Originally Posted by longislander
I agree. I misunderstood your comment. The Hub will become a town asset, but town assets are not taxed.
The town will still need to pay for the building/bond, however through, taxation.
What is the relevance of the $.36/$1000 assessment relative to the $14,512,847 bond, if a bond? Where did the $.36/$1000 come from.
The $4,892,023,118 is total valuation. The total Tax effort is $23,355,110
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They could play with the term to keep the annualized cost in-line corresponding to the estimate of .36 per thousand.
A project that is design/build in general already has the contractor so it doesn't go to bid. That is the bid; and the price is locked.