Don't let Norwich accumulate more debt for infrastructure
Norwich is again asking the voters to approve a $5 million bond for infrastructure work. We still have $3 million left from the loan taken out in 2017. The city is paying about 4% interest on these loans. Property owners are paying 2.37 mills in taxes for the past loans or bonds. If this bond is approved, it will increase our tax burden to almost 2.62 mills. The backdoor taxation that the city has utilized for years must stop. If infrastructure work is needed it should be included in the budget, not through bonding. Most of these bonds will take about 20 years to pay off. Our children or grandchildren will be saddled with this debt. If you do not want your taxes to go up vote "no" Nov. 5 on this bonding question.
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