Westborough Advisory Finance Board Supports Both STM TIFs

The Westborough Advisory Finance Committee is recommending voters pass both business tax breaks on Tuesday night's special town meeting warrant.

The committee voted 9-0-0 supporting approving tax increment financing plans and 15-year tax increment financing agreements with and

The recommendations were posted Wednesday on the town's website.

The deal with MicroChem, at 200 Flanders Road, would include "exemption percentages as follows: Year 1, 50%; Year 2, 40%; Year 3, 30%; Year 4, 20%; Years 5-15, 10%," the warrant says.

The deal with Danafilms, at 5 Otis St., would include "exemption percentages as follows: year 1 - 10%, year 2 - 50%, year 3 - 40%, year 4 – 30%, year 5 - 20% and years 6 through 15 - 10%," the warrant adds.

The advisory finance committee's figures differ from the warrant article's wording.

The warrant article wording reflects a misprint, Chairman Edward Behn said. The committee's recommendation reflects the actual proposed deal.