The Carlisle Mosquito Online

Friday, May 14, 1999

News

New bond for long-term debt to impact taxes

On May 1, residents paid their last tax bill for fiscal year 1999. In contemplating the implications of the current ballot questions, residents should understand that long-term bonds for some projects which have been approved in the past will be sold in June and will affect tax bills for the first time in the fall of 1999. According to town treasurer Nancy Koerner, the total principal amount being sold is $3,770,000, primarily for the Carlisle School Grant Building, ambulance, Banta-Davis playing fields, Spalding Building roof and the balance of the Town Hall project. Koerner said that she is estimating that the cost of the first year payments in FY2000 will be $428,000. The tax impact for that payment is estimated at $.62 in the first year or $250 for a home with an assessed value of $400,000.


1999 The Carlisle Mosquito