“Our goal in the ECD is to help to better develop the existing business base in town as well as look for opportunities to broaden it, the ultimate goal to diversify revenue opportunities for the town,” McConaughey said.
He noted that only 3 percent of the town’s tax base consists of commercial properties, meaning 97 percent of the tax burden is on residents. If the town used the meals-tax revenue to expand the business district, residents would feel less of that burden. he said.
Jessica Bartlett can be reached at firstname.lastname@example.org.