LIVERMORE FALLS — Selectmen on Monday will discuss options on the 12 articles voters rejected this week at the annual town meeting referendums.

It will be a topic of discussion, Town Manager Kristal Flagg said Thursday.

The thought is to wait and see what happens at the state level with revenue sharing for towns, she said.

Gov. Paul LePage wants to eliminate state-revenue sharing for towns for the next two fiscal years, which means about $350,000 for Livermore Falls in one year.

A legislative panel has proposed funding 65 percent of the $400 million in state-revenue sharing in the proposed budget. The matter is still unsettled at the state level.

Th selectmen’s meeting will begin at 5 p.m. June 17 at the Town Office.

Laura Santini-Smith, director of tax-increment financing programs for the Maine Department of Economic and Community Development will give a presentation on tax-incentive financing programs, Flagg said.

She said in February that she is looking into what is needed to capture some of the tax money from the Central Maine Power substation upgrade.

CMP did not ask for a tax-increment financing program nor would it benefit from this type of program, she had said in February.

CMP is in the process of upgrading its substation on Moose Hill Road.

The value of the upgrade when it is complete is about $17 million, she said.

The idea would be to have some of the taxes from the increased valuation go to lower the tax rate. The tax-dollars captured would not increase the town’s valuation and negatively affect the town’s state revenue sharing or the revenue it gets for the school district, RSU 73, she said.

“This would be a municipal TIF and would shelter us from getting less revenue,” Flagg said then.

If nothing is done, the valuation will go up, and the town would see a decrease in revenue, she said.

The tax-increment financing program would not count as part of the town’s valuation.

The sheltered money could be designated for infrastructure such as the sewer treatment plant, sewer lines, sidewalks, storm drains or other designated areas.

It would ease the burden on taxpayers, she said.

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