Walpole approves property tax increase for library
http://www.boston.com/bostonglobe/regional_editions/overridecentral/
The margin was about as tight as it could get last Saturday, but Walpole's voters approved a $6.2 million temporary tax increase, called a debt exclusion, so a new public library can be built.
The vote was 2,774 in favor of the override and 2,764 opposed. The total cost of the project is $11.2 million. Debt exclusion funding will be supplemented by a $4 million state grant from the Mass. Board of Library Commissioners and $1 million raised in local donations. According to library trustee Paul Cesary, the new facility should be ready to open in about 27 months.
A $7 million debt exclusion proposal for the library was defeated last November. Since then, library trustees worked to bring the cost down. By May's town meeting, they had lowered the requested amount of the tax increase to $6.2 million. " Between some tweaking and the continuing bad economy, the cost of the project dropped," Cesary said. That will add about $70 to the annual tax bill of an average priced home of $442,000.
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