Incentives for development focus of Hopkinton warrant

  • Voters stream in and out of Hopkinton Town Hall in Hopkinton, N.H. Tuesday, Nov. 2, 2004. (AP Photo/Lee Marriner) LEE MARRINER

Monitor staff
Published: 3/14/2018 10:43:11 PM

Economic development will be front and center at Hopkinton’s annual town meeting, with a handful of warrant articles aimed at providing new incentives for redevelopment and community improvements in certain sectors of town.

Hot topic: The town is asking voters to approve the adoption of two tax increment finance districts: one encompasses the commercial area around Exit 6 of Interstate 89, and the second encompasses the commercial area around the intersection of Routes 202/9 and Maple Street.

The purpose of both districts is to fund improvements to roads, intersections, sidewalks, lighting and landscaping, as well as water and sewer systems to ensure continued economic vitality in those areas where there is already development. For example, the Exit 6 district represents a core commercial hub for the town and, without improvements, elected officials said they fear the existing tax base could erode.

Budget: The proposed operating budget of $7,123,415 is up $133,319 from last year’s approved budget of $6,990,096. Merit pay increases for employees, rising health insurance costs, and additional funding for a part-time police officer and for highway engineering are the primary reasons for the uptick in the budget. If approved, the tax rate will go up 28 cents, which is about $56 on a $200,000 home.

Noteworthy articles: Voters will be asked to approve a total of $623,000 to set aside in 11 different capital reserve funds previously established by the town. They will also be asked to establish a new recreational facilities capital reserve fund for construction, reconstruction and purchasing of equipment, and to appropriate $10,000 to be placed in the fund.

When and where: The town meeting will be held at 9 a.m. Saturday at the Hopkinton High School gymnasium. Ballot voting will take place between 7 a.m. and 7 p.m.

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