Tax rate Q&A
Jeff Nutting proposed to pick the properties that sold around $1 million, which would be about 20 or so properties, to re-do the calculation and include that years assessed value for those properties to make a determination as to whether there is an undervaluation of business commercial properties.
Wednesday, November 28, 2007
Live blogging - Town Council Meeting 11/28/07
Tax rate Q&A
After some clarification, yes, they can and will do that.
Can you re-cast this spreadsheet to show the assessed valuation at the time of the sale? Could you do that for us?from Stephen Whalen during this discussion
After some clarification, yes, they can and will do that.
Town Council Tax Hearing 1
The presentation by the Tax Assessors on 11/28/07 and their recommendation for the tax rate for FY 09
Time: 5 minutes, 42 seconds
MP3 File
Time: 5 minutes, 42 seconds
MP3 File
Live blogging - Town Council Meeting 11/28/07
Tax rate hearing: Q&A
said by Judith Pond Pfeffer in reference to the discussion around the information provided on assessed value versus sales price of local business/commercial properties since 2005.
"This is a deceptive piece of information... not apples to apples, oranges to oranges.."
Where in Franklin? #20
Let's see if you can identify this building.
The guidelines to play "Where in Franklin?" can be found here.
Enjoy!
Before setting the tax rate
With the library leaking and the museum headed for a new downtown home, the Finance Committee recommended last night that money for the projects be taken from a fund dedicated in the past to open space.
The fund currently holds $1.6 million and is drawn from the town's hotel/motel tax. While that money would remain earmarked for open space, upcoming earnings from the current fiscal year would go to the library and the museum under a plan proposed by Town Administrator Jeffrey Nutting and recommended by the Finance Committee.
...
Since the Finance Committee is an advisory group, the Town Council is expected to discuss the museum and library tonight (Wednesday 11/28/07). To use the hotel/max tax for purposes other than open space, the council must make a final decision before setting the tax rate.
Tuesday, November 27, 2007
Town Council Meeting - Important Agenda Items
Given the recent discrepancy found in the school budget, the agenda calls for correcting this imbalance.
The Finance Committee met tonight as well as the School Committee. I chose to attend the School Committee meeting. We can depend on Michael Morton of the Milford Daily News to report on the FINCOM meeting.
A brief discussion with some members of the FINCOM after their meeting seemed to indicate they propose for the shortfall to be split between the Town and the Schools. The Town piece would be covered by the not yet certified "free cash" (in the mean time from the stabilization fund) with the School piece to be absorbed with additional budget cuts.
Yes, the schools already took a 2.1 Million cut (as the override only covered 2.4 of what they requested) and will apparently need to absorb another $300K.
We'll see what the Town Council does Wednesday 11/28/07.
The scheduled agenda can be found here (PDF file).
Michael Morton's recap of the Finance Committee meeting can be found here.
The Finance Committee met tonight as well as the School Committee. I chose to attend the School Committee meeting. We can depend on Michael Morton of the Milford Daily News to report on the FINCOM meeting.
A brief discussion with some members of the FINCOM after their meeting seemed to indicate they propose for the shortfall to be split between the Town and the Schools. The Town piece would be covered by the not yet certified "free cash" (in the mean time from the stabilization fund) with the School piece to be absorbed with additional budget cuts.
Yes, the schools already took a 2.1 Million cut (as the override only covered 2.4 of what they requested) and will apparently need to absorb another $300K.
We'll see what the Town Council does Wednesday 11/28/07.
The scheduled agenda can be found here (PDF file).
Michael Morton's recap of the Finance Committee meeting can be found here.
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