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Overriding the Tax Cap For 2027 the Town of Boston is proposing to override the tax cap for the 2nd time. Why? Primary Reason – Water Projects! $915,000 Water Tanks + $2,675,000 Waterlines Phase 1 + $1,085,000 Waterlines Phase 2 (initial costs) Amount Due in 2027: $242,667 in Principal + Principal: $130,000 *Increases to $175,000 in 2028* Interest just in Water Dist. 1 Interest: $179,988 *Up from $129,863 owed in 2026* Total BAN: $309,988 *So a roughly 50,000 increase in interest this year* 13 *PLUS a known $45,000 increase in principal next year (next year’s interest unknown)*