Special Town Meeting • 11.17.11 • 7:30pm • Middle School
Elevator Version
~ Why Should I Care?
~ Letters & Links
Details
~ Frequently Asked Questions
The Elevator Version
Residents have found over $10 million in Free Cash and another $22 million in other accounts' reserves that are well above the state and even FinCom's own guidelines.
Ths issue is that our taxes went up over 7% this year and are now nearly the highest in the state, while excess reserves just sit there.
The state recommends we maintain Free Cash somewhere between $2 - $3.5 million, instead of $10 million.
Article 3 is to apply at least $4 million in tax relief, while still leaving a very heatlhy cushion of Free Cash.
Click graph below to see larger version.
