11/27/2017 BOARD OF SELECTMEN Minutes

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3 Board of Selectmen Minutes November 27, 2017 Public Hearing- Tax Classification, Jason Streebel, Craig; Maw(continued) The Water District rate has decreased by $0.01 to $.10 per$1,000 valuation, and the CPC rate of$0.27 remains the same. The total FY 18 tax rate is $9.29. When considering the debt of the Mashpee High School project and Quashnet School renovation project, Mr. Mayen indicated the debt will be about the same. In future years,the Cape Cod Technical School construction project will be incorporated into debt projections as well and wastewater and other management projects. It was agreed the Board of Selectmen would further discuss options and alternatives to funding, and the impacts to the tax rate at a future meeting with the Financial Team, To promote fair and equitable taxation,the Board of Assessors voted at their November 15, 2017 meeting to recommend a single tax rate be adopted with no residential exemption and no small business exemption and no discount for Open Space. Mr. Streebel indicated that a residential exemption is not a viable shift in the tax rate at this time. It was explained a small commercial exemption would shift the tax rate and would burden the entire tax base. Businesses would increase prices and pass along the increases to the consumer. Shifting would also require additional software, and tax bills would be late. When considering a shifting of the tax rate, 10% of the tax base is used as a threshold. It was noted that several Cape towns have adopted a residential exemption to assist those on the lower economic curve. This includes Barnstable, Provincetown, and Nantucket. It was suggested the shift be evaluated further to grant relief to residents who fall in the middle range, with homes averaging less than $750,000 in value. Motion made by Selectman Sherman to close the Public Hearing. Motion seconded by Selectman Gottlieb. VOTE: Unanimous. 5-0. Roll Call Vote: Selectman O'Hara, yes Selectman Cotton,yes Selectman Sherman,yes Selectman Cahalane,yes Selectman Gottlieb,yes Opposed,none Motion made by Selectman Sherman to move that the Town of Mashpee adopt a tax rate Factor of"1" for all classes of property with no discount for Open Space,no Residential Exemption and no Small Commercial Exemption. Motion seconded by Selectman Cotton. VOTE: 4-1. Motion carries. Roll Call Vote: Selectman O'Hara,yes Selectman Cotton,yes Selectman Sherman,yes Selectman Cahalane,yes Selectman Gottlieb, opposed Opposed, (1)