April 5 - Town of Falmouth

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Tinkham Reporting (508) 759-9162 1- 104 And that basically, I think with that, I’ll stop – I’ll stop here and get into the budget. But I thank you for listening and I thank you for your attention. [Applause.] THE MODERATOR: Before we get into the actual line items, any general questions on the budget for Mr. Whritenour? Mr. Latimer. MR. LATIMER: Richard Latimer, Precinct 5. We noticed lots and lots of cuts and holding the line in cuts. We need to control costs. We don’t hear anything about how to increase our revenue streams. We see that a steady progression of property tax revenues; that’s nice to see. But I have a question for Mr. Whritenour as to – Mr. Whritenour – Mr. Whritenour, I have a question for you. “Whritenour”. MR. WHRITENOUR: I’m listening. I’m listening. It’s MR. LATIMER: All right. I have a question for Mr. Whritenour as to on that increase – that steady increase that you say is sustainable on property tax revenues, how much of that is attributable to increasing appraisals based on market or how much of that is attributable to increased development? In other words, the increase in the number of units that are converted from open space to developed properties and increased in size? Have you broken that down?
Tinkham Reporting (508) 759-9162 1- 105 MR. WHRITENOUR: The increases that we discussed this evening are not as a result of any increases in the property values. Let’s talk about property values for a second, though. With even such a high levy of property taxes, the property tax rate in this community is only $6.75 per thousand. Now, what that shows is that we have extremely strong property values, simply put. The increases in the property tax revenues, I think that largely a lot of it is from the excluded debt that we’ve taken on; otherwise it would be growing just as steady but maybe a little bit slower. And I would say that the second part of your question dealt with how much of the increase in our property tax revenues comes from the new building. And what we’ve seen is – and, again, it’s one of those fundamental economic considerations that we need to adapt to -- that the issue is we had maybe in its heyday – which was in the 2006-2007 – and I’m only going back for the last ten years – they call that the new growth, which is the new property tax revenue each year from those properties that were built during that year. We derived approximately 1.2, 1.3 million dollars per year at the height of that. Now we’ve dropped to 500,000 or below. It’s about a third of what it once was. And so we’ve proven that you will not fund the growth in Town services on the new buildings in town. And that’s part of our new paradigm, that we’re not counting on this new development to increase the property taxes; that we’re going to have to take a look, if it’s property taxes you desire, you’re going to have to take a look at the
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Vol. One 165 pages COMMONWEALTH OF
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26 Petition MGL Ch. 64G Room Occupa
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Tashiro; in the second division wil
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[Applause.] [Applause.] THE MODERAT
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Tinkham Reporting (508) 759-9162 [A
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At this time, we’ll begin with a
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Article 16, to appropriate $1,925,0
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Article 11 is a hold. 12. Article 1
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[Applause.] Tinkham Reporting (508)
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holding this many meetings. They’
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project. The contractor is on sched
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order and will be installed also in
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MR. JOHNSON: That area includes the
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THE MODERATOR: Okay, any further qu
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through our financial predicament.
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strongly advises that the first app
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leaders make decisions that are rig
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THE MODERATOR: Well, the recommenda
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Next slide, please. This slide also
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But hopefully you’ll get an idea
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As a consequence, this amendment ne
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argument list, and the reason it’
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and accessory uses. This no longer
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I’m not opposed to protecting peo
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have been conscientious are already
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Why do you think we’re here? Why
Page 53 and 54: in this town. We are perhaps going
Page 55 and 56: to talk over me when I’m renderin
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Page 59 and 60: There are 230 folks that are going
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Page 63 and 64: value areas. In fact, Jeff Whitney,
Page 65 and 66: [Laughter.] cottages that go with m
Page 67 and 68: Aye. Tinkham Reporting (508) 759-91
Page 69 and 70: use. The property across the street
Page 71 and 72: clinic, business offices and profes
Page 73 and 74: proposition for the 151 corridor is
Page 75 and 76: MS. MOYNIHAN: Correct. THE MODERATO
Page 77 and 78: do not think it is wise for this To
Page 79 and 80: property. Nobody in this room wants
Page 81 and 82: able to hire somebody to assist the
Page 83 and 84: [Whereupon, a recess was taken.] [P
Page 85 and 86: y line item. It won’t be a blanke
Page 87 and 88: ecession is literally changing the
Page 89 and 90: we saw for the previous year. That
Page 91 and 92: services and expenses. We saw $2.1
Page 93 and 94: structural deficit issues that we f
Page 95 and 96: We have a set of detailed recommend
Page 97 and 98: piece, you see how much it’s grow
Page 99 and 100: very successful because all the new
Page 101 and 102: up. And these are costs, as you can
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Page 107 and 108: we’re going to do to the exclusio
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Page 111 and 112: ox and we keep putting, under the l
Page 113 and 114: Tinkham Reporting (508) 759-9162 1-
Page 115 and 116: do we have any of these programs, h
Page 117 and 118: ecause the HMO program contains a g
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Page 121 and 122: Quinn Bill. THE MODERATOR: That’s
Page 123 and 124: number 318, Fiscal Year ‘10, 80,0
Page 125 and 126: interest payments. It would be I th
Page 127 and 128: BARNSTABLE, SS C E R T I F I C A T
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April 5 - Town of Falmouth

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