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Council hears overview of proposed statewide real property tax referendum and local implications
Summary
Town leaders discussed a legislative memorandum on possible real property tax reforms to be polled by referendum; council members and staff warned of many open questions, exemptions for public safety and education, and uncertain revenue-replacement mechanisms.
Town officials on Oct. 23 discussed a memorandum circulated by legislative leadership outlining options for statewide real property tax reform that, in the near term, would be presented to voters as a nonbinding referendum.
Mayor Foley told the council the memorandum lists a menu of options and emphasized two common features across the proposals: they “cannot affect public safety budgets” and they “cannot affect educational budgets.” The memo, he said, appears to be an initial voter poll rather than implementing legislation.
Why it matters: Several proposals under consideration could materially change how local governments raise revenue. Town leaders warned that without…
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