In less than a week's time, residents will determine the fate of a whopping 54 articles on the warrant for the annual Town Meeting, after months of deliberation that saw the Finance Committee make recommendations on a bevy of articles with financial implications, and others fall away as the town's financial picture grew clearer. With the 54-article count, Town Meeting will … [Read more...] about Town Meeting preview
override
FinCom recommends slate of financial articles to Town Meeting
During a marathon meeting Monday evening, the Finance Committee voted to recommend a bevy of financial articles to Town Meeting, including a nearly $2.5 million override request to fund level service budgets in both town departments and in the school department. The committee reviewed all 54 articles on the warrant for the May 1 Annual Town Meeting, but only took votes on … [Read more...] about FinCom recommends slate of financial articles to Town Meeting
So, what is an override?
In two and a half weeks, Marblehead voters will determine the fate of a proposed $2.47 million override to plug a structural deficit in the town’s budget fueled by stagnant revenue growth and a historic reliance on free cash. But, what exactly is an override? At its most basic level, an override is a request to permanently increase the tax base, meaning the town will pull … [Read more...] about So, what is an override?
Select Board debates stabilization fund override
The Select Board debated how effectively a proposed override to infuse monies into a stabilization fund would address the town’s growing structural deficit on Friday. The meeting Friday morning was scheduled so the Board could pass the statement, which would lay out its position on that override and another, which Select Board Chair Moses Grader said would balance the town’s … [Read more...] about Select Board debates stabilization fund override