Orange $15 million bond package goes to referendum

Written by Bettina Thiel Friday, 15 March 2013 07:43

Orange taxpayers are called to vote on a $15 million bond package for a host of infrastructure repairs in town.

The referendum is set for Wednesday, March 20 at High Plains Community Center.

Anyone who cannot make it during that time can contact the Town Clerks office in Town Hall for an absentee ballot.

The 20-year bond would cost a property owner whose property is assessed at $230,000 a total of $2,184 stretched out over the 20 years. The tax increase would kick in in 2015 with a tax increase of $141.50, and them come down every year until that some property owner in year 20 (2034) would pay $77.69 in taxes to pay off the bond.

With interest and related costs, the total pay-back for the loan will be $19.8 million.

About 100 people attended a special Town Meeting Wednesday, March 13, at which time officials were present to answer any questions.

They included the Bond Committee and its chairman, Fred Kendrick; the selectmen, School Superintendent Lynn McMullin and School Business Manager Kevin McNabola, also the schools Facilities Director, Mike Luzzi.

The projects are bundled into four categories, namely school building repairs, road repairs, town building repairs and police communication.

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Orange $15 million bond package goes to referendum