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Working group reviews fiscal modeling of teardowns and new‑growth revenue; further analysis requested
Summary
The working group examined draft tables estimating how fewer teardowns would affect new‑growth tax revenue and distributional outcomes; members asked staff for refined calculations and context on reassessment timing before making policy recommendations.
Members reviewed fiscal scenarios comparing how different reduction options could change the number of teardowns and the town’s new‑growth tax revenue. The modeling, presented as draft tables, aimed to show the revenue delta if a given number of teardown‑and‑rebuild events were reduced under proposed zoning changes.
A participant summarized the fiscal intuition: when a property is rebuilt or sold and reassessed, the town…
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