CMA 2014-249

The votes necessary to seek approval from the Massachusetts Department of Revenue of the tax rate for FY2015: A. Authorize the use of Free Cash of $12,650,000 to reduce the FY15 tax rate; B. Authorize $2,000,000 in overlay surplus/reserves to be used for reducing the FY15 tax rate; C. Authorize $563,765 from the School Debt Stabilization Fund to be used as a revenue source to the General Fund Budget; D. Appropriate $12,000,000 from Free Cash to the City Debt Stabilization Fund; E. Classify property into five classes; F. Adopt the minimum residential factor of 56.1250%; 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 FY15 asset limits of $59,961 allowed under MGL Chapter 59, Section 5, Clause 17E; K. Vote the FY15 income and asset limits allowed under MGL Chapter 59, Section 5, Clause 41D as