Town Administrator Jean Kitchen told me last night that the New England Center for Children donated $120K toward the purchase of a new ladder truck. The donation will be paid out over ten years.
Add the NECC donation to the $100K contributed by St. Mark’s and the $100K (ish) raised at the Fire Ball, and that brings the private contribution total to $320K. Town selectmen are still pursuing Fay School, Harvard University, and potentially other non-profits for donations.
A new ladder truck is estimated to cost about $950K.
While we’re on the subject of NECC, here’s something I didn’t know. The school is not required to pay property taxes because it’s a non-profit, but NECC makes an annual donation to the town. They set the donation amount to be equal to the property tax bill from the year they purchased each piece of land they own. In fiscal year 2008, their donations to the town totaled $77K.