| JosephGillisJr.com |
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| Another Financial Analysis Costs June 5, 2003 |
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| About Bridgewater B-R Schools Opinion/Analysis Headlines/News Archives Joe | |||||||||||||||||||||||||||
| Is there another financial analysis for tax costs to Bridgewater residents? I have heard about a different analysis of the tax implications for the proposed "City" high school project, and the primary difference in the scenario is the use of a Reserve account. The Reserve account would be used to even off the major jump in financing costs in years 7 through whenever State reimbursement is available. It appears that the use of this would result in the proposed "City" high school costing a Bridgewater homeowner about $354/year ($300k house) each of the first ten years of financing. Note that this is only one item, there are still tax costs for $1.7M BES renovations, and $5M for Williams renovations. And, on the ballot $6M for current high school renovations and $3.5M for land costs. Lastly, don't forget the $3M negotiated for Bridgewater to buy out Raynham. | |||||||||||||||||||||||||||
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