Mulock Park and property taxes
Accurate but narrow
True for construction. The land, the precondition for the park, was tax-funded.
Statement
- Town FAQ: construction is funded through development charges, grants, and reserves, “which means the park’s construction has no impact on property taxes.”
Record
- Construction budget: $81.7 million (park $64.2 million, house $14.3 million, parking $3.2 million).
- 2018 land purchase: $24 million, funded through property taxes (a 2.6% levy increase) and a 30-year debenture of about $44 million including interest.
- The park-portion estimate rose from $40 million (2021) to $48 million (2023) to $64.2 million at contract award.