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The committee discussed a possible goal of generating $500,000 in new annual revenue, but noted that comparable highly rated municipalities may achieve roughly $1 million to $2 million or more through 2% to 2.5% annual new growth. Members will obtain updated financial data before modeling development and revenue scenarios.
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No new tax target or development policy was adopted. The committee will work with financial officials to assess how housing, commercial development, town-owned parcels, solar projects, and other strategies could expand the tax base. It also continued planning for Town Center improvements, Route 20 corridor cleanup, and outreach materials for potential businesses.
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