© 2024
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
An update has been released for the Android version of the WAMC App that addresses performance issues. Please check the Google Play Store to download and update to the latest version.

Towns Worry About Tax Revenues If Vermont Buys Dams

Officials in Vermont towns along the Deerfield and Connecticut rivers are worrying about what would happen to local tax revenues if power dams are purchased by the state of Vermont.

The Valley News of West Lebanon, New Hampshire, reports (http://bit.ly/1VuvQnp ) that local officials in Hartford, Vermont, which shares the Wilder Dam with Lebanon, point to Vermont law as making the dams tax-exempt if the state owned them.

State officials recently formed a working group to study buying the dams.

The Hartford portion of the Wilder dam is assessed at $32.4 million, and is a big source of revenue for the town currently. Local officials would be looking to negotiate a payment in lieu of taxes from the state, the usual procedure in cities and towns with state-owned property.

Copyright 2016 The Associated Press. All rights reserved.

Related Content