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Town of Russell 2011 Assessment and taxes rise noted
The Town of Russell reveals a 2011 reassessment with residential taxes up 23 percent and commercial up 13 percent, alongside phase-in over two years for 2010 reassessments and new allocations for transfers and community services. Heating and hoarding overruns cited at 350000, with PCN 28 at 300000 and total expenditures nearing 4 million to date. The Russell Multiplex faces significant cost overruns as the Ready for use Sept 2011 target nears, while the management committee begins meetings to address the finances.
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Russell