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The Finance Committee unanimously recommended approval of two capital-fund repurposing articles and two tax-increment agreements. The proposed development agreements involve an estimated $62.5 million investment and about 134 jobs at AdvanCell, plus approximately 400 jobs through Onto Innovation’s planned expansion.
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The committee supported reallocating previously approved capital funds for other specified capital purposes, covering balances of about $12.9 million in the General Fund and $11.2 million in enterprise funds. It also backed temporary tax incentives tied to two commercial investments, intended to expand the commercial tax base and create jobs. The committee’s final report was scheduled for printing by April 3, 2026, ahead of Town Meeting.
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