02/25/2019 BOARD OF SELECTMEN Agenda Packet

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DRAFT 41 MAY 2019 SPECIAL & ANNUAL TOWN MEFTING WARRANT Page 22 Article (to direct a portion of the receipt of marijuana host agreement payment and local option tax funds derived from marijuana sales to stabilization for certain capital expenses.) To see if the Town will vote to accept Paragraph 4 of Chapter 40, Section 5B of the General Laws and dedicate, without further appropriation, into to a special purpose Capital Expenditure Stabilization Fund, created hereby,for the purposes of implementation of the Town's wastewater management program, affordable housing, and transportation improvements, seventy- five percent of the local tax receipts from retail marijuana sales and seventy-five percent of the funds received by the Town pursuant to community host agreements relative to the operation of marijuana establishments licensed to operate in the Town; provided that said dedication shall take effect beginning in Fiscal Year 2020 which begins on July 1, 2019; and provided further that the Town shall not revoke its acceptance of this Act for at least three fiscal years; or to take any other action relative thereto. Submitted by the Board of Selectmen Explanation: The Municipal Modernization Act in 2016 allows a Town which accepts G.L. c. 40, §5B, to dedicate not less than 25% of the revenue from the local marijuana sales tax and host community agreement payments to a special purpose Capital Expenditure Stabilization Fund,The Town.must accept paragraph 4 of §5B at Town Meeting, establish the stabilization fund (if one does not-already exist), and designate the revenue from the local marijuana sales tax and host community agreement payments(not less than 25%)to be deposited in the stabilization fund. No further appropriation into the fund is required to dedicate the funds. As with any appropriation from a stabilization fund, a two-thirds vote is required by Town Meeting. Once a town accepts the statute, the.Town cannot revoke its acceptance for at least three fiscal years. This article creates a special purpose stabilization fund for clean water projects,transportation improvements and affordable housing, and directs 75% of local marijuana sales tax and host community agreement payment receipts to this fund to offset the cost of said capital expenditures on the property tax. The Board of Selectmen recommends approval of Article by a vote of The Finance Committee recommends approval of Article by a vote of Article To see if the Town will vote to appropriate the sum of $50,000, or any other amount deemed necessary, for the purpose of funding the Mashpee Library project "Preserving our. Past: Digitization of the Mashpee Enterprise Newspaper", or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: The goal of this project is to digitize the content of the Mashpee Enterprise weekly newspaper from the beginning of its publication in 1994 to the present. Digitization of the content to a public online archive will preserve this valuable historic resource while making it easily accessible and searchable to those in the Mashpee community and beyond. The Board of Selectmen recommends approval of Article by a vote of The Finance Committee recommends approval of Article by a vote of