Votes necessary to seek approval from the Massachusetts Department of Revenue of the tax rate for FY2023

How it started

Oct 3, 2022 · Submitted by Yi-An Huang, City Manager.

What happened

Oct 3, 2022 · 📁 Placed on file, 8–1. This was an informative report; there were no decisions to make.

Voted yes (8)

Burhan Azeem
Dennis Carlone
Alanna Mallon
Marc McGovern
Patty Nolan
E. Denise Simmons
Paul F. Toner
Sumbul Siddiqui

Voted no (1)

Quinton Zondervan

Roll call of Oct 3, 2022 · from the city’s record · photos: City of Cambridge

What’s next

🚪 End of the line: filing closes the matter. Nothing further is scheduled.

The document Agenda item attachment · 4 pages

🏛 This item on the city's site 📄 Download original PDF

Agenda Item Number 1A

That the City Manager be and hereby is authorized to use $19,000,000 in Free Cash to reduce the Fiscal Year 2023 tax rate. Yeas 8; Nays 1; Absent 0.

Agenda Item Number 1B

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 2023 tax rate.

Yeas 8; Nays 1; Absent 0.

Agenda Item Number 1C

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 the 150% Shift and a Minimum Residential Factor of 65.0000.

Yeas 9; Nays 0; Absent 0.

Agenda Item Number 1D

That the City Council approves a thirty (30) percent residential exemption for owner- occupied homes.

Yeas 9; Nays 0; Absent 0.

🗓 The meeting where this was taken up: Oct 3, 2022