1/9/2017 BOARD OF SELECTMEN Minutes

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2 Board of Selectmen Minutes January 9, 2017 Present: Selectman Gottlieb, Selectman Cahalane, Selectman O’Hara, Selectman Cotton, Selectman Sherman Town Manager Rodney C. Collins Assistant Town Manager Wayne E. Taylor Meeting Called to Order by Chairman Gottlieb at 6:30 p.m. Mashpee Town Hall, Waquoit Meeting Room MINUTES December 19, 2016 Regular Session: Motion made by Selectman Sherman to approve the Regular Session minutes of Monday, December 19, 2016 as presented. Motion seconded by Selectman O’Hara. VOTE: Unanimous. 4-0-1. Roll Call Vote: Selectman Gottlieb, yes Selectman Cahalane, yes Selectman O’Hara, yes Selectman Cotton, abstained Selectman Sherman, yes Opposed, none APPOINTMENTS AND HEARINGS Public Comment: None at this time. Finance Team review of pros/cons of taxing to levy limit: The Board of Selectmen met with the Financial Team consisting of Jason Streebel, the Director of Assessing, Dawn Thayer, the Finance Director and Craig Mayen, the Treasurer/Tax Collector for the purpose of reviewing the pros and cons of taxing to the levy limit. Excess levy capacity is a potential municipal reserve that arises out of the operation of Proposition 2 ½. It is the difference between the maximum property tax revenue a community is permitted to raise under Proposition 2 ½ (levy limit) and the tax revenue actually raised (levy). If a city or town creates excess levy capacit y, it can in subsequent years build the reserve by again taxing less than the levy limit or tap into this taxing capacity to finance municipal spending without restriction. In considering ways to set aside revenues to prepare for capital costs, unforeseen expenditures and for the predicted deficit in fiscal year 2021 the Board of Selectmen requested guidance from the Financial Team. It was the recommendation of the Financial Team to not tax the levy limit.