2006-03-06-TE-Warrant-and-2006-03-27-ATM-Warrant

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Changes to the Wastewater Enterprise fund budget from FY2006 reflects a$125,000 reduction in the PILOT payment to the General Fund and an estimated increase for the MWRA assessment. Debt service includes projects previously approved by Town Meeting and the projects proposed at this Town Meeting(Articles 30 and 31) At the time of the printing of this Warrant, collective bargaining increases have not been included,as negotiated settlements have not been reached with the DPW union. Changes to the Recreation Enterprise fund budget from FY2006 reflects contractual salary increases, utility increases and supplies and materials for recreation programs ARTICLE 19 APPROVE SENIOR TAX RELIEF(CHAPTER 59, SECTION 5, CLAUSE 41C) To see if the Town will vote to increase the tax exemption authonzed by Clause 41C of Section 5 of Chapter 59 of the Massachusetts General Laws from five hundred dollars to one thousand dollars, or act in any other manner in relation thereto (Inserted by the Board of Selectmen at the request of the Tax Deferral and Exemption Study Committee) DESCRIPTION This article proposes to authonze the Town to increase the partial exemption from property taxes provided in Clause 41C of Section 5 of Chapter 59 of the Massachusetts General Laws to resident property owners, at least 70 years of age, and their surviving spouses, subject to certain maximum income and financial assets and minimum length of residency requirements This statute requires annual approval by Town Meeting in order to increase the amount of the exemption. ARTICLE 20 ESTABLISH PROPERTY TAX DEFERRAL INTEREST RATE FOR FY2007 To see if the Town will vote to establish an interest rate of less than eight percent for owners of real property who have entered into a tax deferral and recovery agreement as provided by Clause 41A of Section 5 of Chapter 59 of the Massachusetts General Laws, or act in any other manner in relation thereto (Inserted by the Board of Selectmen at the request of the Tax Deferral and Exemption Study Committee) DESCRIPTION This article proposes to reduce the interest rate to less than 8 percent on property taxes whose payment is deferred until a later property sale,under tax deferral and recovery agreements entered into with residential property owners at least 65 years of age 16