The amount represents local option tax payments to the city during Stem’s first year of operation.
“I don’t think Caroline has gotten the right amount of credit for what she has done in opening her business.
The payments reflect 3% of Stem’s gross sales and do not include any disputed amounts.
Haverhill added it is too early to document “impacts” Stem may have caused especially in light of the health pandemic and not enough time has passed to verify and negotiate community impact costs.
We could have done some things in advance of what might happen down the road and we did not do that.