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The Economic Development Committee approved an infographic and email about Wayland’s tax base, with revisions, by a 4-0 vote. The materials note that commercial property makes up approximately 2.8% of the town’s tax base and will explain development constraints and the single property-tax rate. The committee is still awaiting 10-year projections of municipal costs and expected growth.
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The approved materials are intended to help residents understand Wayland’s limited commercial tax base and the challenges of expanding it. Committee members plan to show how wetlands, floodplain, protected open space, and zoning affect developable land. No decision was made on residential development of the Orchard Lane parcel; the committee discussed the need for an independent analysis of infrastructure, environmental, and fiscal impacts.
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