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Tough Financial Times Threaten Littleton

By Mark Bevis on Friday, July 11, 2003.

THE TOWN OF LITTLETON COULD BE FACING A FISCALLY TIGHT FUTURE.

THE POWER UTILITY USGEN (U.S.GEN) NEW ENGLAND HAS DECLARED CHAPTER 11 BANKRUPTCY.

TROUBLE IS…..US GEN OWNS SEVERAL DAMS ON THE CONNECTCUT RIVER.

ONE OF THEM IS IN LITTLETON…AND ACCOUNTS FOR ABOUT 20% OF THE TOWNS TAX BASE.

NEW HAMPSHIRE PUBLIC RADIO’S MARK BEVS HAS MORE.

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