Town not served well by Brox land proposal
The Milford Board of Selectmen claims that the sale of Brox town land will be tax-positive. However, the financial facts tell a very different story.
First, selling 93 acres of Brox land that the town currently assesses at $600,422 for only $168,000 would shortchange taxpayers by $440,422. What is this, a donation?
Second, any new roads and other infrastructure built with grants will eventually become the town’s responsibility to maintain, which costs labor and money.
Third, any new taxes paid by the single business with a single taxable building, estimated at a Planning Board meeting to be around $60,000 a year, would not go into the General Fund, but to the cost of paying for infrastructure. In 2006 the town created the Tax Incentive Financing District to fund infrastructure at Brox. According to the town’s website, once the bond for infrastructure is paid up, only then would the new tax money go into the General Fund.
On Aug. 1 The Cabinet reported the comment of Board of Selectmen Chair Mark Fougere that, to make the property usable, the infrastructure would cost millions of dollars. Chair Fougere said "taxpayers weren’t going to spend" those millions on this. If the TIF needs to recoup millions from new tax money, then how many years will it be before any new tax money enriches the General Fund?
Fourth, many of the employees who work at the stoneyard will likely live in Milford. The town calculates families as being generally tax-negative because of the high costs of educating their children and providing other services
This does not add up to tax-positive revenue for the town any time soon, if ever. The financial reality of this deal for the town is bleak, although it seems some business people stand to make a lot of money off it.
Suzanne Fournier, Coordinator
Brox Environmental Citizens