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Eustis voters OK stable $1.22 million budget, nix sidewalk extension to school


 
Eustis selectmen, from left, Steve St. Jean, Brandi Farnsworth, Jeff Lecander, Amanda Brochu and Jed Whiting prepare for the annual Town Meeting on Saturday morning. Voters moved smoothly through the review of the annual budget, with increases that reflected “the costs of doing business,” said St. Jean.
Valerie Tucker photo
EUSTIS Voters came to the Stratton-Eustis Community Building on Saturday and approved a $1.22 million municipal budget for the 2021 fiscal year during the annual Town Meeting.
The $10,770 increase over the $1.21 million budget approved in 2020 maintains the town’s annual property tax rate of $13.10 per $1,000 of property value, as it has been for the past several years, according to Selectman Steve St. Jean. ....

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Danny Meyer's Union Square Hospitality to raise $250 m for SPAC


The new company would seek to acquire a company with similar cultural values
Danny Meyer has joined the growing number of restaurant veterans who have formed special acquisition companies, or SPACs. An affiliate of his Union Square Hospitality Group, USHG Acquisition, on Friday filed papers with the Securities & Exchange Commission to raise $250 million in an initial public offering, and then list on the New York Stock Exchange under the ticker HUGSU.
Meyer, who is the founder and CEO of USHG, is chairman of the new SPAC. Its CEO is investment banker Adam Sokoloff of Asgard Capital Partners.
USHG chief financial officer Tiffany Daniele is also CFO of the new company. She joined USHG in October of 2020 after two years as vice president for global corporate financial planning & analysis at Tapestry, Inc., which owns the luxury brands Coach, Kate Spade and Stuart Weitzman. ....

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