An article in the Community Advocate yesterday focused on how much (or little) Southborough private schools contribute towards the Town’s budget.
The story notes:
Southborough raises $52 million annually through property taxes, the town’s primary funding mechanism, accounting for 77 percent of the community’s total municipal revenue. Because only 5 percent of the town’s taxable properties are classified as commercial or industrial, the tax burden falls heavily on homeowners.
One way to grow the town’s coffers is for nonprofits — which are exempt from property taxes — to voluntarily contribute funds to help the towns.
The reporter (Thomas Grillo) covers the status of current PILOT payments, plus the differing stances of a couple Select Board members, our State Senator, and some school representatives.
Read the full story here.
