WATERFORD – Selectmen have issued a statement against the Taxpayer Bill of Rights.

The town’s revenues would be affected by passage of the measure, the statement said. It would jeopardize the town’s surplus by “having free and unencumbered access to these funds if the citizens of Waterford want total access to these funds.”

Also, the town fears what TABOR would do to the school district, forcing it to pay a disproportionate amount yielding less revenue. Waterford is the highest per capita town in assessed value in the school district, according to the statement.

Waterford traditionally used the majority-rules system, and TABOR requires a two-thirds override vote “which leaves the town with one-third of the town citizens to hold things up.”

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