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Overriding the Tax Cap For 2026 the Town of Boston is proposing to override the tax cap for the 1st time. Why? Primary Reason – Water Projects! $950,000 Water Tanks + $2,771,000 Waterlines Phase 1 Amount Due in 2026: $96,000 in Water Dist. 1 Principal: $131,000 *1st Principal Payment* for Phase 1 Water Interest: $129,863 Total BAN: $260,863 13