BEST ANSWER
FIRST ANSWER
Rose, every municipality in the state is in financial trouble, not only West Warwick. Eventually all of them will be negatively impacted by a tax rate increase. The difference is that WW will need to account for the settlement somewhere in their fiscal budget if the settlement is coming from the town, but i don't think it will be any worse than any other city/town in the state. The settlement may be coming out of an insurance policy though. The tax rate increase is limited to a maximum percentage increase by law, which means they are limited to how much they can raise taxes in any given year. The town hall should be able to tell you what that percentage is, and whether or not the victims will be paid from the general fund or from the town's insurance policy. That might give you a clearer indication of how the property will be affected. Joe
Sun Jun 7 2009, 10:28