Development
Councilor Warns Building Moratorium Could Impact Town, School Budget
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Residents concerned about the pace and size of development in Watertown have requested a building moratorium on Arsenal Street, but a Town Councilor said stopping the projects could impact the town and school budgets. The town relies heavily on property tax revenues to fund town departments, including the Watertown Public Schools. Town Councilor Vincent Piccirilli said that new development is one of the keys to increasing the budget. The schools too rely heavily on the town’s appropriation. “The school appropriation increased almost 7 percent (for Fiscal 2015), and how were we able to do that under Proposition 2 1/2, was though new growth through new development in town,” Piccirilli said.