School cost to Webster taxpayers

To the Editor,

Last night (April 23, 2012) at the selectmen’s meeting the Webster school committee presented plans to build a new Park Ave. School.

The $47 million Dollar project will cost the home owner of a $230,000 valued home about $191 more a year in taxes, combine this with a Bay Path request to build a new school at $33 more a year in taxes for a $250,000 valued home for 29 years if passed. It should be made clear to the homeowners exactly what all the loans on the table will cost them.

For a $230,000 valued home (check tax bill for you home value)

Bay Path $ 33.00 plus for 29 years

Park Ave. School $191 plus for 29 years

Two Town trucks $ 12 plus for five years

New police Station

Rebuild Fire station

Repair High School

New Library (on the drawing board)

Water and Sewer Rate increase

[Items] 4 to 7: amount to be determined as yet

State figures for the town of Webster

Population   Employed   Year

16415          7,127       2010

16767          6,526       2012

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352 more 601 less employed

Foreclosures January 2012 to April 22

2008 58

2009 34

2010 67

2011 43

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       224

where is the saturation point for borrowing??

Mike Finamore 
Finance committee Chairman