- 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.


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

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide