CMA 2011-281

The votes necessary to seek the Massachusetts Department of Revenue approval for the tax rate for FY2012: A. Authorize the use of Free Cash of $11,300,000 to reduce the FY12 tax rate; B. Authorize $2,000,000 in overlay surplus/revenues to be used for reducing the FY12 tax levy; C. Authorize $5,150,000 from the Debt Stabilization Fund to be used as a revenue source to the General Fund Budget; D. Authorize $632,470 from the School Debt Stabilization Fund to be used as a revenue source to the General Fund Budget; E. Classify property into five classes; F. Adopt the minimum residential factor of 56.2602%; G. Approve the maximum residential exemption factor of 30% for owner-occupied homes; H. Vote to double the normal value of the statutory exemptions; under MGL Chapter 59, Section 5, Clause 17D; J. Vote the FY12 asset limits of $56,695 allowed under MGL Chapter 59, Section 5, Clause 17E;

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