Otis wind plan will not raise taxes

Wednesday December 5, 2012

I write in response to the front page article Dec. 3 entitled "Wind turbines studied" that concerns our proposed wind project here in Otis. Specifically, the article states that I said the project "could be financed through a bond that would increase the property tax rate." However, that is not en tirely accurate. While the project would be financed via a tax-exempt municipal bond, there would not be an increase in the property tax rate.

The revenue generated from the sale of excess energy production will be substantially more than required to meet the costs of the project including the bond payments. In fact, rather than cause an increase in property taxes, the project will create an annual source of revenue that does not come from taxation that will help to keep the tax rate down. If the project were going to increase property taxes, the town would not bother pursuing it.

While the officials involved recognize the important environmental benefits of renewable energy, the primary goal of this project it to harness the proven wind resource we have in Otis to generate funds to help provide services to the residents of Otis.



The writer is the town administrator of Otis.


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