Select Board · Jun 8
The board rescinded affordable housing funding for a specific LLC amid intense debate over how community funds should be prioritized.
- First, the Board voted to rescind $3.4M in affordable housing funds from the Brushwood 5:45 LLC project. The move comes because a property seller refused to work with the developer. While some board members cited fiduciary duty, others warned this signals a lack of commitment to housing.
- Second, the fiscal outlook is sobering. Assistant Town Manager Peter Johnson Staub presented data on widening gaps in operating and capital budgets. These shortfalls—which don't yet include rising needs in special education or police facilities—could drive up property taxes.
- The June 8 meeting was contentious. Between the $3.4M housing decision and the warning of budget shortfalls, it's clear the Board is facing difficult choices. We will continue to monitor how these financial gaps are addressed in upcoming July and...