Word: watertowne
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Driscoll says Watertown depends on revenues from the Arsenal site for $3.5 of its $15 million annual budget, and will be unable to proceed with many capital projects--such as school and library renovations and road repairs--if the site becomes tax-exempt...
...Watertown spent 12 years rebuilding the Arsenal to broaden its tax base, according to Airasian...
...Watertown has a lot of its hopes and dreams hung on the revenues from this site," Airasian said...
...said, "Harvard is not about to create a fiscal emergency for Watertown...
...Watertown's Town Council agreed two weeks ago that Harvard should pay full taxes for as long as it held the site, and the lack of specifics in the letter has left many residents and officials wary of Harvard's assurances...