Page "editorial" Paragraph 603

In order to attract additional industry that is compatible with this community it is all the more important to present to the industrial prospect an orderly balance in the tax structure.

As this tax base grows so then can your medium and low density residential areas grow.

Mr. Richard Preston, executive director of the New Hampshire State Planning and Development Commission, in his remarks to the Governors Conference on Industrial Development at Providence on October 8, 1960, warned against the fallacy of attempting to attract industry solely to reduce the tax rate or to underwrite municipal services such as schools when he said: `` If this is the fundamental reason for a community's interest or if this is the basic approach, success if any will be difficult to obtain ''.

He went on to say: `` In the first place, industry per se is not dedicated to the role of savior of foundering municipalities.

It is not in business for the purpose of absorbing increased municipal costs no matter how high a purpose that may be ''.