11/26/1996 BOARD OF ASSESSORS Minutes

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_i Board of Assessors Meeting Page 2 New Tax Rate continued David Bailey expressed opinion that good financial planning leads to obtaining a better bond rating this saves the Town thousands of dollars. We have prepared a presentation to Moody; its representative is scheduled ' to meet here on the loth of January; we are in process of inviting key business people from the Town to attend and to state why Mashpee is worth investing in. Mr. Bailey pointed out that even though tax collections are off about 4 , the Tax Rate increase is and has been quite minimal over the past five. years; this shows that the Town is not overly dependent on any one segment of the economy. Vice Chairman Porter introduced lengthy discussion concerning the practice of the wholesale of liens . David Bailey explained that the practice may be worthwhile for a few years to show that the Town means business ; however, payment plans must be offered by the Town initially Jany of the delinquent Taxpayers are on wr .tten payment plans. David Bailey informed that by the third week in January , we should know what the bond gating is for the school bond a $30 Million lion Bond . . . a couple of percentage points means a great deal of money. More discussion followed. Chairman Greig asked about the $2 . 7 Million bond for the Fire Station. Mr. Bailey stated that he has not seem where this falls in the Capital outlay Plan he has yet to review the Capital. outlay Request, Preparation of Assessin ' s Yearly Budget David Bailey informed Board Members that Assessing ' s yearly budget needs to be done. NEW OLD BUSINESS: Classification Hearin Vice Chairman Porter informed, for The Record, that the Classification Hearing has been completed. Board of Assessors Meeting Schedule The Board did not set definite slates for Regular Meetings in the months of December, 1996, and January, 1997 .