Talking Property Tax Data Insights with Max Morrongiello - 08/10/23 (audio)

FM #1049 = This is the Franklin Matters radio show, number 1049 in the series. 

This session of the radio show shares some Mass Property Tax Data Insights as analyzed by Max Morrongiello. We had our conversation in the Franklin TV studio on Thursday, August 10, 2023.  

Max shares some insights from the linear regression analysis he performed with the available data from the US Census and Mass Dept of Revenue among other resources.

For example, Franklin property tax bills are about 4% less than the linear regression analysis would predict them to be.

The recording runs about 28 minutes. Let’s listen to my conversation with Max on Thursday, August 10, 2023

Audio file -> https://franklin-ma-matters.captivate.fm/episode/fm-1049-property-tax-data-insights-08-10-23

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Policy Brief on per pupil spending

https://drive.google.com/file/d/1LP5fI1Gm0NKkUuAYaWTKF2HSadjfinNY/view?usp=drive_link 

Are Franklin’s taxes low?

https://drive.google.com/file/d/1LJHukt7tGB3-dTLWyX5NoIJE8J8jZib3/view?usp=drive_link 

Data files used for the analysis

Microsoft Excel format ->

https://docs.google.com/spreadsheets/d/1uQE3e2_4RSj3zZRQ-9p7biDI-3Kk6E6d/edit?usp=drive_link&ouid=101938843903614700481&rtpof=true&sd=true 

Comma Separated Value format (CSV)

https://drive.google.com/file/d/1E90EFjLb0GkMrAFy75zXR7wqHHh5XgTV/view?usp=drive_link 

Info on JASP -> https://en.wikipedia.org/wiki/JASP   and   https://jasp-stats.org/jasp-materials/ 

Max’s LinkedIn profile -> https://www.linkedin.com/in/maxmorrongiello/  

And specifically on metrics and statistical analysis -> Maxwell Metrics: Policy Analytics & Consulting

You can contact Max via email -> Max.Morrongiello @ gmail dot com

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We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  

This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.

How can you help?

• If you can use the information that you find here, please tell your friends and neighbors

• If you don't like something here, please let me know

Through this feedback loop we can continue to make improvements. I thank you for listening.

For additional information, please visit Franklinmatters.org/ or www.franklin.news/

If you have questions or comments you can reach me directly at shersteve @ gmail dot com

The music for the intro and exit was provided by Michael Clark and the group "East of Shirley" . The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

------------------

You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

Talking Property Tax Data Insights with Max Morrongiello - 08/10/23 (audio)

Town Council approves FY 24 budget after 9 hours over 2 nights, plan for schools to get $700K more (video)

The Franklin Town Council held their two public hearing on the FY 2024 budget this week spending 5 hours Wednesday and almost 4 hours on Thursday to get inside the requests understanding the cost drivers and revenue restrictions creating hard choices for the total $150 million budget.

Quick summary of the outcome and budget choices approved:

• Police to add to their staff to alleviate a scheduling issue that should help reduce the overtime cost and help moral by reducing the amount of forced overtime
• Fire adding to their staff to help provide a third ambulance for coverage during four days of peak call volume. The staff increase is partially offset by additional ambulance revenues
• Senior Center gets approval for a van driver for half the year as a step towards fulltime
• Town administration gets approval for a shift from an assistant town administrator to a Deputy Administrator along with a half year funding for an Arts & Culture Director
• The Franklin school budget gets an increase of approximately $700K over the $1.1m initially allocated. These funds will be part of a two resolution vote being scheduled for the June 7 Council meeting. 24 school personnel positions were cut this week by the School District to meet their expected budget shortfall of over $2M. Some of those are due to the continued declining enrollment, some of those can be restored with the additional funds being allocated. As was made clear a few times during the hearings, the Town Council only provides a line item of funding to the Schools. The School district and School Committee have the full responsibility for choices on how that money is spent
• The Joint Budget Subcommittee will begin meeting (schedule TBD) to work on a strategic plan to address the systemic issues across both the Town and Schools budget requirements. There was consensus on increasing the revenue. Some of the increase can come from a variety of measures (storm water fee, sewer rate increase, zoning changes to increase density, etc.) as well as consideration of a possible override ballot question. In order to get to the override question, the amount of increased revenue (i.e. property taxes revenue) needs to be explored and agreed to put before the taxpayers for their approval. There are already a number of increases planned (or expected) and that needs to be part of the consideration.
• Planned
• storm water begins July 1, 2023
• sewer rate increase for next three years beginning July 1, 2023 to pay for the Beaver St interceptor replacement. Construction along RT 140 begins later this year
• possible debt exclusion for Tri-County RVTHS building replacement (amount expected in Aug 2023, vote anticipated in Oct 2023)
• Expected
• water rate increase to pay for PFAS mitigations
• potential debt exclusion for renovation of Davis Thayer (DT) for town use (to make it ADA accessible). Decision on potential use anticipated by Dec 2023 from subcommittee appointed to determine recommendations
• potential debt exclusion for new Police station or renovation of existing, committee appointed and soon to begin work on this; their work will include the DT decision as applicable
• potential operational override to address systemic revenue issues

The Franklin TV video replay for both sessions is available

• Wednesday -> https://www.youtube.com/live/P5MzuZ7r7gA?feature=share
• Thursday -> https://www.youtube.com/live/BLXhaMDHJDk?feature=share

My Twitter notes captured during the meetings can be found here

• Wednesday ->   https://drive.google.com/file/d/1hmk9G_oo0RXsmkV0KOiHADAXXgXbNGxk/view?usp=drive_link
• Thursday ->   https://drive.google.com/file/d/1haEf0ELqCsOMNlz0labwYxe8yBtqsoN9/view?usp=drive_link

The audio recording and expanded notes will be available in a couple of days

• Franklin TV recording of Wednesday's session

 

•  Franklin TV recording of Thursday's session

   

Town Council approves FY 24 budget after 9 hours over 2 nights

“which we do expect to reverse in the second half of this fiscal year”

"STATE REVENUE collections missed the mark by nearly 5 percent in January, with the $3.834 billion that the Department of Revenue reeled in landing $192 million, or 4.8 percent, shy of the previous January’s collections and $185 million or 4.6 percent below the monthly benchmark.

It is the first time since June 2020 that DOR has announced that tax collections have failed to live up to the administration’s monthly expectation. The $21.643 billion that DOR has collected through seven months of fiscal year 2023 is $229 million, or 1 percent less, than actual collections in the same period of fiscal 2022. Tax receipts are the primary source of funding for this year’s state budget, which grew by 10 percent.

The sluggish January numbers may affect the appetite of the Healey administration and the Legislature for tax cuts this year."

Continue reading the article online at CommonWealth Magazine ->

https://commonwealthmagazine.org/uncategorized/state-tax-revenues-miss-mark-for-first-time-since-june-2020/ 

Some of the variability in forecast vs. actual is due to the "pass thru entity" or PTE accounting for which there is a good explanation of in this article.

The golden dome of the State House. (Photo by Andy Metzger)

CommonWealth Magazine: "Old laws, like Prop 2 1/2, need to adapt to times"

"I’VE BEEN STRUGGLING to find the right metaphor for our current economic situation. After the great recession of 2007-2009, my go-to was a staircase: the recession had knocked us down a flight of stairs and it took us a decade to climb back up.

But that won’t do today. If COVID knocked us down the stairs, our response was to leap–like some superhero–up and out of the building. Only afterwards did we realize we don’t know how to land.

Or how’s this analogy…to avoid a dangerous tangle on the highway, we successfully accelerated around it–only to discover that our brakes aren’t working well.

You get the point. For the first time in decades, the problem with the US economy is that it’s running too hot, with plentiful job opportunities driving unsustainable wage growth and consumer demand keeping inflation above healthy levels.

Fixing all this is mostly a job for the feds. But lawmakers here in Massachusetts have an important role to play: they need to adapt."

Continue reading the article at CommonWealth Magazine ->

https://commonwealthmagazine.org/opinion/old-laws-like-prop-2-1-2-need-to-be-adapted-for-times/ 

CommonWealth Magazine: "Old laws, like Prop 2 1/2, need to adapt to times"

This Town Council "Quarterbacking" session condenses the 11/30/22 meeting to about 28 minutes (audio)

FM #891 = This is the Franklin Matters radio show, number 891 in the series. 

This shares my conversation with Town Council Chair Tom Mercer. This is one of a series of conversations meant to provide a recap of the prior Council meeting. Akin to one of the many sports post-game analysis broadcasts we are familiar with in New England,  this would be a discussion focused on the Franklin Town Council meeting of Nov 30, 2022: 

• ok, what just happened? 

• What does it mean for Franklin residents and taxpayers?

We cover the following key topics

8. PRESENTATIONS / DISCUSSION

a. Presentation: Elks Riders Donation to Veterans’ Services Department

6. HEARINGS - 7:00 pm

a. Franklin Tax Classification Hearing

b. Resolution 22-77: Tax Classification Residential Factor

c. Resolution 22-78: Tax Classification Open Space Exemption

d. Resolution 22-79: Tax Classification Small Business Exemption

e. Resolution 22-80: Tax Classification Residential Property Exemption

f. Resolution 22-81: Tax Classification Senior Means Tested Exemption

g. Resolution 22-82: Declaration of Town-owned Property Containing “South Franklin Congregational Meeting House” Located at 762 Washington Street as Surplus and Authorization for Disposition (Sale) to Old Colony Habitat for Humanity

h. Resolution 22-83: Downtown Parking Lot Kiosks Authorization  

i. Resolution 22-84: 2023 Town Council Meeting Schedule

k. Resolution 22-85: Public Property Naming & Memorial Installation Policy

Our conversation runs about 28 minutes:

Links to the meeting agenda and associated documents released for this meeting are included in the show notes. 

Let’s listen to this session of Town Council Quarterbacking recorded Dec 1, 2022

Audio file -> https://franklin-ma-matters.captivate.fm/episode/fm-891-town-council-quarterbacking-12-01-22

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Meeting agenda and documents released for this session ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/nov_30_town_council_agenda.pdf

Watch the Franklin.TV video replay on YouTube -> https://youtu.be/FXWkMcix63s

My notes in one threaded PDF document

https://drive.google.com/file/d/1uTxaQe3MXLug8od6xq5C_bqLzbDLoEjY/view?usp=share_link 

My 4 key tax rate charts as discussed in this session

https://www.franklinmatters.org/2022/11/good-news-tax-rate-is-going-down.html

--------------

We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  

This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.

How can you help?

• If you can use the information that you find here, please tell your friends and neighbors

• If you don't like something here, please let me know

Through this feedback loop we can continue to make improvements. I thank you for listening.

For additional information, please visit Franklinmatters.org/ or www.franklin.news/

If you have questions or comments you can reach me directly at shersteve @ gmail dot com

The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

------------------

You can also subscribe and listen to Franklin Matters audio on your favorite podcast app; search in "podcasts" for "Franklin Matters"

South Franklin Congregational Meeting House

Good news, the tax rate is going down; however, that doesn't mean our taxes are decreasing

The Town Council gets to formally approve the tax rate for Fiscal Year 2023 at the Council meeting on Wednesday, Nov 30, 2022. This annual event formally closes the cycle on the Fiscal Year calendar as it approves the tax rate for the budget approved in June and adjusted in October. 

The tax rate hearing portion of the agenda doc can be found here ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/6a._tax_hearing.pdf

The numbers in this doc allowed me to update (adding FY 2023 #s) to my spreadsheet to produce these charts.

As this chart shows, the tax rate does fluctuate from year to year. We have been as low as 8.86% in 2007, and as high as 14.84% in 2015.

the tax rate does fluctuate from year to year

The tax rate is going down from 14.05 to 12.58%. This is due to the increase in overall residential and commercial property valuations increasing. We have all seen what the housing market is doing. This chart shows the relationship between the total assessed valuations and the property tax rates. When the market drops in 1988 and 2008, the rates rise. As the market increases, as in the most recent 2 years, the rate declines.

the relationship between the total assessed valuations and the property tax rates

We do have a single tax rate and that is one question the Council will need to confirm. It is likely they will continue with a single rate. A dual rate doesn't raise any more money than the single, it only takes more from one party than the other. In this case, if we did have a split rate, taking a single dollar from the Residential rate would raise the Commercial/Industrial rate by $4 to raise the same revenue. What do you think might happen as businesses reacted to a $4 tax rate increase? 

We do need to grow our overall revenue base and more commercial/industrial growth would be better than more residential growth. We have shifted slightly through the years, but generally in and around an 80-20 split. Follow the bar, or the line. The bar and the line add up to 100%.

commercial/industrial valuation split vs. residential

So bottom line, while we do need more commercial/industrial growth, whether the tax rate goes up or down (as it does this year), the one other constant in the mix is that the tax bills do increase. This last chart shows that relationship.

whether the tax rate goes up or down the tax bills do increase

A PDF version of the four charts can be found here

https://drive.google.com/file/d/1MgiCr2-wD5VE5nfSmOR9wn6e5F4jir0j/view?usp=share_link

Franklin, MA: Town Council - Agenda for Nov 30, 2022 - 7 PM

FRANKLIN TOWN COUNCIL

Agenda & Meeting Packet

November 30, 2022 - 7:00 PM

1. ANNOUNCEMENTS FROM THE CHAIR

a. This meeting is being recorded by Franklin TV and shown on Comcast channel 11 and Verizon Channel 29. This meeting may be recorded by others.

b. Chair to identify members participating remotely.

2. CITIZEN COMMENTS

a. Citizens are welcome to express their views for up to three minutes on a matter that is not on the agenda. The Council will not engage in a dialogue or comment on a matter raised during Citizen Comments. The Town Council will give remarks appropriate consideration and may ask the Town Administrator to review the matter.

3. APPROVAL OF MINUTES - None Scheduled.

4. PROCLAMATIONS / RECOGNITIONS - None Scheduled.

5. APPOINTMENTS - None Scheduled.

6. HEARINGS - 7:00 pm

a. Franklin Tax Classification Hearing

i. Legislation for Action Items: 9b, 9c, 9d, 9e, 9f

7. LICENSE TRANSACTIONS - None Scheduled.

8. PRESENTATIONS / DISCUSSION

a. Presentation: Elks Riders Donation to Veterans’ Services Department

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/8a._elks_riders_presentation.pdf 

9. LEGISLATION FOR ACTION

a. Resolution 22-76: Gift Acceptance - Elks Riders Donation to Veterans’ Services Department

(Motion to Approve Resolution 22-76- Majority Vote)   https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9a._22-76_gift_acceptance_vets.pdf

b. Resolution 22-77: Tax Classification Residential Factor

(Motion to Approve Resolution 22-77 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9b._22-77_tax_classification_residential_factor.pdf

c. Resolution 22-78: Tax Classification Open Space Exemption

(Motion to Approve Resolution 22-78 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9c._22-78_-_tax_classification_open_space_exemption.pdf

d. Resolution 22-79: Tax Classification Small Business Exemption

(Motion to Approve Resolution 22-79 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9d._22-79_-_tax_classification_small_business_exemption.pdf

e. Resolution 22-80: Tax Classification Residential Property Exemption

(Motion to Approve Resolution 22-80 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9e._22-80_-_tax_classification_residential_property_exemption.pdf

f. Resolution 22-81: Tax Classification Senior Means Tested Exemption

(Motion to Approve Resolution 22-81 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9f._22-81_-_tax_classification_senior_means_tested_exemption.pdf

g. Resolution 22-82: Declaration of Town-owned Property Containing “South Franklin

Congregational Meeting House” Located at 762 Washington Street as Surplus and Authorization for Disposition (Sale) to Old Colony Habitat for Humanity

(Motion to Approve Resolution 22-82 - Two-Thirds Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9g._22-82_old_south_church_w_proposal_redacted.pdf

h. Resolution 22-83: Downtown Parking Lot Kiosks Authorization  

(Motion to Approve Resolution 22-83 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9h._22-83_parking_kiosks.pdf

i. Resolution 22-84: 2023 Town Council Meeting Schedule

(Motion to Approve Resolution 22-84 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9i._22-84_tc_schedule.pdf

j. Zoning Bylaw Amendment 22-887: Zoning Map Changes on or Near Lincoln Street and

Lincolnwood Drive (Motion to Refer Zoning Bylaw 22-887 to the Planning Board - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9j._22-887_bylaw_amendment_zoning_changes_0.pdf

k. Resolution 22-85: Public Property Naming & Memorial Installation Policy

(Motion to Approve Resolution 22-85 - Majority Vote)  https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/9k._22-85_naming_policy.pdf

10. TOWN ADMINISTRATOR’S REPORT

11. SUBCOMMITTEE & AD HOC COMMITTEE REPORTS

a. Capital Budget Subcommittee

b. Economic Development Subcommittee

c. Budget Subcommittee

d. GATRA Advisory Board

12. FUTURE AGENDA ITEMS

13. COUNCIL COMMENTS

14. EXECUTIVE SESSION - None Scheduled.

15. ADJOURN

Note:

Two-Thirds Vote: requires 6 votes

Majority Vote: requires majority of members present and voting

Meeting agenda and documents released for this session ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/nov_30_town_council_agenda.pdf

South Franklin Congregational Meeting House

Boston Globe: "Billions in state tax refunds to start flowing to taxpayers on Tuesday, officials say"

"THE FIRST CHECKS and direct deposits from a nearly $3 billion pot of excess tax revenue will head back to taxpayers starting on Tuesday when the calendar flips to November, the Baker administration announced Friday.

A spokesperson for the Executive Office of Administration and Finance said money will head out the door under the voter-approved tax cap law known as Chapter 62F, which taxpayers triggered for the first time since 1987 by delivering massive amounts of taxes.

About 3 million taxpayers will receive a refund in the form of a mailed check or a direct deposit worth about 14 percent of what they owed in state personal income tax in 2021, the spokesperson said. The administration plans to distribute the refunds on a rolling basis through December 15. The administration had previously estimated refunds of about 13 percent of income tax liabilities."

Continue reading the article online -> 

https://commonwealthmagazine.org/state-government/3b-in-tax-cap-checks-to-start-going-out-tuesday/

Boston Globe coverage ->  (subscription maybe required)

https://www.bostonglobe.com/2022/10/28/metro/billions-state-tax-refunds-start-flowing-taxpayers-tuesday-officials-say/

 

Eligible taxpayers will receive their refunds on a rolling basis, Governor Charlie Baker’s office said. LUKE SHARRETT/BLOOMBERG

Finance Committee hears of the assessment process which accounts for about 60% of the Town of Franklin revenue (audio)

FM #867 = This is the Franklin Matters radio show, number 867 in the series. 

This session of the radio show shares the Finance Committee meeting held on Wednesday, Oct 26, 2022. 

The meeting was conducted in a hybrid format: 6 members of the Finance Committee were in the Council Chambers along with some of the public, 1 member was remote along with some members the public via conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period. 

The primary discussion was with Kevin Doyle, Assessor and Chris Feeley, Chair of the Board of assessors as the assessment process was covered at a high level. How are residential homes assessed? How are commercial/industrial properties assessed? 

Interesting fact, the assessment process produces about 60% of the Town of Franklin revenue.

The meeting recording runs about seventy minutes, so let’s listen to the Finance Committee meeting Oct 26, 2022.

Audio file ->  https://franklin-ma-matters.captivate.fm/episode/fm-867-franklin-ma-finance-cmte-mtg-10-26-22

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Meeting agenda document ->   https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/10-26-22_finance_committee_meeting.pdf

 

My notes ->   https://drive.google.com/file/d/1qvpZtcz3JE529S9wN1tkJJ3FB9w92B8N/view?usp=sharing

Link to Finance Committee => https://www.franklinma.gov/finance-committee 

YouTube recording =>  https://youtu.be/OaibaQ9dOBk 

--------------

We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  

This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.

 

How can you help?

• If you can use the information that you find here, please tell your friends and neighbors

• If you don't like something here, please let me know

Through this feedback loop we can continue to make improvements. I thank you for listening.

For additional information, please visit Franklinmatters.org/ or www.franklin.news/

If you have questions or comments you can reach me directly at shersteve @ gmail dot com

The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

------------------

You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

Finance Committee hears of the assessment process which accounts for about 60% of the Town of Franklin revenue (audio)