This week, the Town of Upton is voting on a proposed new community center.
Town Meeting: Saturday, May 8, 9am, Nipmuc Highschool. Outdoors. Rain Date Sat May 15.
Town Election: Tuesday, May 11, 7am-8pm, Town Hall. Ballot Vote, early voting is available.
Voting information: https://www.uptonma.gov/town-clerk/pages/2021-annual-town-election-voting-options
Information about the proposed community center: https://www.uptonma.gov/community-center-building-committee
Financial Plan - These are the numbers that will be motioned at the Town Meeting.
Project cost: $12,355,893
Appropriate from Free Cash: $800,000
Borrow amount: $11,035,893
Length of loan: 25 years, each year the payments decline with year 1 being the highest payment
First year debt payment: $660,000
Tax rate increase per $1,000: $0.38
Increase to annual tax bill for an average assessed home of $450,000 : $170
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