The Town of Clinton is gearing up for a significant investment in public safety with plans for a new firehouse, projected to cost $6 million. During a recent government meeting, officials outlined the financing strategy, emphasizing the importance of a successful referendum to secure the necessary bonds for the project.
The fire district will rely on tax-exempt bonds as the sole legal financing option, with $1.5 million already available through grants and reserves. This leaves $4.5 million to be financed over 30 years, with an estimated annual cost of $293,000. Residents can expect a tax impact of approximately $4.48 per month for every $100,000 of assessed property value, translating to an annual increase of about $89 for a home valued at $339,000.
Officials stressed that this cost is competitive compared to neighboring districts, which pay more for emergency services. The new facility is described as a functional steel building, prioritizing practicality over aesthetics, to ensure effective emergency response for the community.
As the project moves forward, the town is committed to transparency and fiscal responsibility, assuring residents that the increase in taxes is minimal and necessary for maintaining essential services. The next steps hinge on community support during the upcoming referendum, which will determine the project's fate.