JAY — Selectpersons voted 4-1 Tuesday to set the tax rate for 2014-15 at $15.75 per $1,000 of property valuation. It is an increase of $1.75 over last year’s rate. It means taxes on a $100,000 house will increase by $175, not factoring in homestead exemptions. Chairman Steve McCourt opposed the vote. His motion to […]
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Posted inFranklin, The Franklin Journal
Tax rate expected to rise in Jay
JAY — Selectpersons intend to set the tax rate Tuesday, Aug. 26, at a special meeting, Town Manager Shiloh LaFreniere said Friday. The meeting will be held at 4 p.m. at the Town Office. The rate is expected to rise, but she does not know how much at this time, LaFreniere said. The current rate […]
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Posted inLewiston-Auburn
Quarter-mile section all that separates Androscoggin River from improved water-quality standard
LEWISTON — On a recent August afternoon, outdoorswoman and Bates College retiree Judith Marden was on the Androscoggin River, in Gulf Island Pond, learning to paddleboard. “I’m not very good at it,” the 69-year-old said with a laugh. The first time Marden tried “I fell off four times. I didn’t worry about falling into the Androscoggin. […]
Posted inFranklin
Revaluation report on Verso mill in Jay expected by end of August
JAY — Town Manager Shiloh LaFreniere is anticipating receiving the revaluation report on the Verso Paper Corp.’s mill and properties within the next two weeks. “We hope to set the tax rate by the end of August,” she said. Earlier this year, voters approved transferring $425,000 from the town’s surplus to conduct the revaluation of […]
Posted inFranklin, River Valley, The Franklin Journal
Verso Paper clears hurdle toward completing purchase of NewPage
PORTLAND — Verso Paper’s chief executive said the company is closer to its planned acquisition of NewPage, a proposed merger that would create the largest single paper company in Maine. The $1.4 billion purchase would bring together the companies that employ about one-third, or 2,300, of Maine’s paper mill workers at Verso’s mills in Bucksport […]
Posted inAdvertiser Democrat, Business, The Franklin Journal
Verso CEO says NewPage acquisition still on track
PORTLAND — Verso Paper’s chief executive said his company’s bid to acquire NewPage, the country’s largest coated paper producer, is on track after taking steps to restructure the company’s debt. Verso owns mills in Jay and Bucksport that employ roughly 1,450 people. NewPage owns a mill in Rumford that employs 850 people. More than half […]
Posted inFranklin, The Franklin Journal
Verso grants Jay board extension on acting on tax abatement request
JAY — Verso Androscoggin LLC has agreed to grant selectpersons an extension until Dec. 1 to act on its request for a tax abatement on Jay’s assessment of its real estate and personal property in the town. The town received the formal notice on March 31 that Verso had approved the abatement extension. Under state […]
Posted inFranklin, The Franklin Journal
Jay voters approve $300,000 for Verso revaluation
JAY — Residents voted Monday to transfer $300,000 from undesignated funds to do a revaluation of the Verso Paper Corp. mill. The company has asked the town to abate $459 million in valuation from the company’s real estate and personal property at the Androscoggin Mill on Riley Road. According to Jay’s tax commitment data, the […]
Posted inFranklin, The Franklin Journal
Jay voters to consider $300K for revaluation of Verso mill
JAY — Selectpersons will hold a special town meeting Monday, March 24, to ask voters to transfer $300,000 from the town’s $6 million undesignated fund to an account to do a revaluation on Verso Paper’s Androscoggin Mill. The money will be used to determine the fair and just value of the mill. Verso has filed […]
Posted inFranklin, The Franklin Journal
Jay voters to be asked to transfer $300,000 for paper mill revaluation
JAY — Selectpersons voted Monday to hold a special town meeting March 24 to see if voters will transfer $300,000 from the undesignated fund to an account to do a revaluation of Verso Paper Corp.’s paper mill. The last revaluation of the mill was done 17 years ago by ValPoint of Oregon, now known as […]