Will the State of Vermont pay to fix the dam when it fails?

NO!

The cost of doing nothing: Conservatively, valuse of the lakeshore properties would be negarivalay impacted by approximately 20% - 25% resulting in a loss of $12.9 million to $16.1 million in real estate values. We would see significant losses in all three towns' tax revenues and l other properties would see increases to their tax bills. - Thetford - Fairlee - West Fairlee a loss of -$123,000 to -$154,000 per year a loss of -$84,000 to -$104,000 per year a loss of -$60,000 to -$75,000 per year   What is the Cost of Replacing and Owning the Dam? The Selectboards believe that the most equitable way to share the cost of replacing and then owning the Lake Fairlee Dam is by the Percentage of Lake Property Values.   Each town will be asked to individually bond for its share of a Bond not to exceed $850,000. Assuming a 20 year bond at a 2.75% interest rate, it breaks down as follows for each town: Town % Share Bond + Int. = Annual Bond Payment Amount Thetford 44% $482,077 $24,104   +/- per year for 20 years Fairlee 34% $372,514 $18,626   +/- per year for 20 years West Fairlee 22% $241,039 $12,052   +/- per year for 20 years   Your Aproximate Future Tax Bill Based Upon Owning a Piece of Property Valued at $250,000 Borrow the Money and Replace the Dam   All Property Thetford +$18 Fairlee +$23 West Fairle +$43 Ignore the Problem and Not Replace the Dam Non-Lake Front Lake Front +$90 to $112 -$1,758 to -$2,197 +$102 to $128 -$2800 to -$3600 +$213 to $266 -$3,169 to -$3,962     Selectboard Contacts: Fairlee -- Jay Barrett 333-4582                                                   Thetford -- Stuart Rogers 785-4392 West Fairlee - Fred Cook 333-9905