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A communication transmitted from Yi-An Huang, City Manager, relative to votes necessary to seek approval from the Massachusetts Department of Revenue of the tax rate for FY2025

CMA 2024 #220·Council meeting Oct 7, 2024·3 pages·📄 Original PDF (city portal)
City of Cambridge Agenda Item Number 1A IN CITY COUNCIL October 7, 2024 ORDERED: That the City Manager be and hereby is authorized to use $2,000,000 in Overlay Surplus Reserve to be used to reduce the Fiscal Year 2025 tax rate. In City Council October 7, 2024. Adopted by a yea and nay vote:- Yeas ; 8 Nays 0; Absent 1. Attest:- Diane P. LeBlanc, City Clerk A true copy; ATTEST:- Diane P. LeBlanc City Clerk
City of Cambridge Agenda Item Number 1B IN CITY COUNCIL October 7, 2024 ORDERED: That the City Council classifies property within the City of Cambridge into five property classes allowed for the purpose of allocating the property tax levy. Additionally, that the City Council herby adopts a minimum residential factor of 64.2099 for the purpose of distributing the property tax levy. In City Council October 7, 2024. Adopted by a yea and nay vote:- Yeas ; 8 Nays 0; Absent 1. Attest:- Diane P. LeBlanc, City Clerk A true copy; ATTEST:- Diane P. LeBlanc City Clerk
City of Cambridge Agenda Item Number 1C IN CITY COUNCIL October 7, 2024 ORDERED: That the City Council approves a thirty (30) percent residential exemption for owner- occupied homes. In City Council October 7, 2024. Adopted by a yea and nay vote:- Yeas ; 8 Nays 0; Absent 1. Attest:- Diane P. LeBlanc, City Clerk A true copy; ATTEST:- Diane P. LeBlanc City Clerk