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Peter and Shirley Wood took a gamble. It was the late 1980s, and Block Island was growing. In 1988, the tax rate was $14.12 and the town budget was $1,975,996. A year later, the tax rate would be $15.96 per $1,000 of assessed value, and the budget would increase to $2,468,058. (In 1990, the tax...
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