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Water Works deal: City and Auburn benefit
Water Works owns 7,200 acres of watershed in Auburn, which the town says is about a quarter of all the land in Auburn. Since the 1990s those taxes have risen to about $680,000 a year. Water Works planned to sell the land to a non-profit conservation group rather than continue paying such a hefty bill.
The new arrangement will see the tax bill fall over the next five years to $300,000, then be tied to the inflation rate. Manchester gets substantial tax relief and Auburn gets a steady, predictable revenue stream. Nice deal.
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