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Let's see.
Hugh Fisher, one of Warwick's finest home builders wants to build 27 single family homes that will being in $162,000 a year in taxes that will increase annually OR 50 condos resulting in $250,000 a year in taxes that will ALSO increase annually.
He is choice number one. Either of his ideas bring great value to Warwick.
Choice number two is a charter school that will bring in $70,000 a year for the first year with no certainty of future Payments-In-Lieu-Of-Taxes.
Not a hard choice here.
From a guy who ran for mayor as a "Cut Taxes - Cut Spending" I think either of Hugh Fisher's plans are a blessing. His new tax revenue will decrease the need to increase taxes on the rest of us and might even help lower them. A win-win for everyone. It also preserves employment for the Warwick teachers. So make that a win-win-win situation.
Happy Summer everyone.
Rick Corrente
The Taxpayers Mayor
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