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The Selectboard unanimously supported $150,000 in one-time seed funding for the Redevelopment Authority to help attract grants, financing, property owners, and developers to the Falls. The board also approved a projected $1,641,984 IGM contract extension through January 15, 2027, on a 4-1 vote.
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The redevelopment funding is intended to support property and business improvements and expand the tax base, although the minutes do not state that the money was appropriated at this meeting. The town reported a projected $3.5 million budget deficit; officials said an $11 million override recommendation could stabilize services for several years but would not eliminate all cuts. Health insurance rates were preliminarily projected to rise 16%, potentially reaching about 20% without plan changes.
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