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Finance Committee backs veteran property-tax COLA from 2024 HERO Act
Summary
The committee recommended approval of Article 22 to accept Clause 22I of the 2024 HERO Act, which allows a cost-of-living adjustment to the Massachusetts disabled-veteran property tax exemption starting in FY2026.
The Sudbury Finance Committee on March 17 recommended approval of Article 22, a local acceptance of Clause 22I from the 2024 "HERO Act," which permits municipalities to apply a cost-of-living adjustment to existing disabled-veteran property-tax exemptions.
Cynthia Gary, director of assessing, told the committee Article 22 implements the state-level option found in Chapter 178 of the Acts of 2024 and that adoption is required at the municipal level for the change to take effect in FY2026. She explained the clause increases the statutory exemption amounts by a COLA determined annually by the Department of Revenue, and that the COLA compounds year over year.
Why it matters: If Town Meeting accepts Clause 22I, qualifying disabled veterans in Sudbury would see the dollar amount of their…
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