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The committee discussed ways to increase Wayland’s tax base, including a potential goal of $500,000 in new annual revenue and a modest split tax rate; no tax change was approved. Members are awaiting revenue data to model growth scenarios.
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The committee is researching how new development, underused town land, solar projects, and tax policies could generate more municipal revenue. A split tax rate would charge commercial properties a higher rate than residential properties, but members emphasized that any approach should avoid harming local businesses. The committee also continued work on Town Center improvements, Route 20 corridor cleanup, and business outreach.
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