Search ▸ Agenda item attachment
A communication transmitted from Louis A. DePasquale, City Manager, relative to the votes necessary to seek approval from the Massachusetts Department of Revenue of the tax rate for FY2020
Citp of CambribQ;e
Agenda Item Number 1A
IN CITY COUNCIL
October 7, 2019
ORDERED: That the City Manager be and hereby is authorized to use $ 14,000,000 in Free Cash to
reduce the Fiscal Year 2020 tax rate.
Citp of Cambnbge
Agenda Item Number 1B
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Manager be and hereby is authorized to use $2,500,000 in Overlay Surplus
Reserve to be used as a revenue to reduce the Fiscal Year 2020 tax rate.
Citp of Cambnbge
Agenda Item Number 1C
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Manager be and hereby is authorized to use $6,000,000 from the City Debt
Stabilization Fund to be used as a revenue source to the Fiscal Year 2020 Adopted Budget.
Agenda Item No. ID
IN CITY COUNCIL
CITY OF CAMBRIDGE
October 7,2019
INTRODUCED BY CITY MANAGER LOUIS DEPASQUALE
AN ORDER CONCERNING APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING JULY 1,2019
ORDERED: That the following sum is hereby appropriated in the Stabilization Fund in the City of Cambridge:
OTHER
DEPARTMENT OR SALARY ORDINARY TRAVEL & EXTRAORDINARY
FUNCTION PROGRAM & WAGES MAINTENANCE TRAINING EXPENDITURES APPROPRIATIONS
Community City Debt Stabilization $6,000,000.00
Maintenance & Fund
Development
BE IT FURTHER ORDERED: That the above appropriation is financed from the following sources:
FINANCING PLAN REVENUE
Free Cash $6,000,000.00
Citp of Camtiribge
Agenda Item Number IE
IN CUT COUNCIL
October 7, 2019
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.
Citp of Camtmbge
Agenda Item Number IF
IN CITY COUNCIL
October 7, 2019
ORDERED: That the City Council hereby adopts a minimum residential factor of 58.7316% for the
purpose of distributing the property tax levy.
Cttp of Cambribge
Agenda Item Number 1G
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Council approves a thirty (30) percent residential exemption for owner-
occupied homes.
Citp of Camtinbge
Agenda Item Number 1H
IN CITY COUNCIL
October 7, 2019
ORDERED: That the City Council vote to double the normal value of the statutory exemptions for
Fiscal Year 2020.
Citp of Cambribge
Agenda Item Number II
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Council vote the Fiscal Year 2020 exemption allowed under General Laws
Chapter 59, Section 5, Clause 17D of $333.00.
€itp of CamtiribQ;e
Agenda Item Number 1J
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Council vote the Fiscal Year 2020 asset limits allowed under General Laws
Chapter 59, Section 5, Clause 17E of $65,864.
Citp of Cambribge
Agenda Item Number 1K
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Council vote the income and assets limits for elderly persons to income limits
of $27,234 for those who are single and $40,852 for those who are married, asset limits of
$54,465 for those who are single and $74,890 for those who are married, as allowed under
General Laws, Chapter 59, Section 5, Clause 41D.
Citp of Cambnbge
Agenda Item Number 1L
IN CITY COUNCIL
October 7,2019
ORDERED: That the City Council vote the income limit for deferral of real estate taxes by elderly
persons to the amount determined by the Commissioner of Revenue for the purposes
ofMGL Chapter 62, Section 6, subsection (k) for a single person ($58,000) and for
those who are married ($88,000), as allowed under MGL Chapter 59, Section 5,
Clause 41 A.