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The Select Board unanimously voted 4-0 to place a placeholder warrant article for a local transfer fee on high-end property sales exceeding $1 million, with proceeds proposed for the Affordable Housing Trust Fund. The proposal was estimated to have generated about $650,000 over the past several years.
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The vote does not establish the fee; it keeps the proposal active for consideration at an upcoming Town Meeting. Supporters said predictable local funding could help Ipswich compete for additional affordable-housing assistance. The Board also reviewed a FY27 budget deficit and proposed cuts, while the Town reported that the House approved $1.1 million toward replacing two municipal groundwater wells, pending Senate action.
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