- Associated Press - Friday, April 15, 2016

HARTFORD, Vt. (AP) - A Vermont town official says it would be “traumatic” if the town lost tax revenue because the state bought a dam spanning the Connecticut River.

Vermont state officials are considering buying a series of hydroelectric dams along the Connecticut and Deerfield Rivers, including the Wilder dam. It’s one of 13 hydroelectric dams owner TransCanada Hydro Northwest last month said it intends to sell.

The Valley News reports (https://bit.ly/1VuvQnp ) the move could leave Hartford without nearly $750,000 in yearly tax money - more than 5 percent of its total tax revenue.

Hartford Selectboard Chairman Dick Grassi says he doesn’t know where Hartford can make up that money.

Former Selectboard member Ken Parker says the state and town must agree on payments if Vermont buys the dam.

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Information from: Lebanon Valley News, https://www.vnews.com

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