CMA 2012-244

The votes necessary to seek approval from the Mass Dept. of Revenue of the tax rate for FY2013: A. Authorize the use of Free Cash of $9,000,000 to reduce the FY13 tax rate; B. Authorize $2,000,000 in overlay surplus/reserves to be used for reducing the FY13 tax rate; C. Authorize $609,570 from the School Debt Stabilization Fund to be used as a revenue source to the General Fund Budget; D. Appropriate $10,000,000 from Free Cash to the City Debt Stabilization Fund; E. Classify property into five classes; F. Adopt the minimum residential factor of 55.9809%; G. Approve the maximum residential exemption factor of 30% for owner-occupied homes; H. Vote to double the normal value of the statutory exemptions; MGL Chapter 59, Section 5, Clause 17D; J. Vote the FY13 asset limits of $58,197 allowed under MGL Chapter 59, Section 5, Clause 17E; K. Vote the FY13 income and asset limits allowed under MGL Chapter 59, Section 5, Clause 41D as

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