When it comes to activity surrounding the study of reactivating former Collins Company dams, the town has so far come out ahead fiscally, according to first selectman Richard Barlow.
As part of the process, the town discovered that for the upper dam and related infrastructure it had not been collecting on the state’s Payment In Lieu of Taxes, a program that gives municipalities funds for state land for which it cannot collect taxes. For the past two years the town has received between $20,000 to $25,000 for it, Barlow said. The number can fluctuate depending on the state’s overall funding to the program.
For more on this story, visit: First Selectman: Town Has Gained From Dam Study – Canton, CT Patch.