Where it stands: The Town Manager read the statute and concluded that exceptions allow up to 50 percent of capital costs and no more than 25 percent of a district's captured revenue, so no legislative amendment appears needed. The town attorney's confirmation was pending.
Next: town attorney's opinion.
Details
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Town Manager reported the statute likely needs no amendment; limits are 50 percent of capital costs and 25 percent of a district's captured revenue. Town attorney's opinion pending.