Monday, January 2, 2017

What you voted on at the special town meeting of November 9, 2015 concerning the police station. Note the borrowing is through the treasurer under the direction of the selectmen. No time table voted on so does this allow selectmen and treasurer to borrow for one year, two years or threes years? Since it does not specify a time limit.

ARTICLE 2 DEBT AUTHORIZATION: POLICE STATION UPGRADE
To see if the Town of Templeton will vote to appropriate, borrow or transfer from available funds, a sum of money to be expended under direction of the Selectmen to pay costs of designing, constructing and equipping a 4,000 square foot addition to and remodeling of the Templeton Police Station, located at 33 South Road, and for the payment of all other costs incidental and related thereto; or take any other action relative thereto.
Submitted by the Board of Selectmen

On a motion duly made and seconded the Town voted to appropriate the sum of Nine Hundred Seventy-Five Thousand Dollars ($975,000) to pay costs of designing, constructing and equipping a 4,000 square foot addition to and remodeling of the Templeton Police Station, located at 33 South Road, and for the payment of all other costs incidental and related thereto; said sum to be expended under the direction of the Selectmen; and to meet this appropriation the Treasurer, with the approval of the Board of Selectmen, is authorized to borrow said sum under M.G.L. 44, Section 7, or pursuant to any other enabling authority; provided, however, that no sum shall be borrowed or expended hereunder unless the Town shall have voted to exempt the amounts required for the payment of interest and principal on said borrowing from the limitations on taxes by M.G.L. 59, Section 21C (also known as Proposition 2 ½).
Passed Unanimously/November 9th @ 8:33

NOTE: The town voted, no one else.

special town election on December 8, 2015

Question 2.      Shall the Town of Templeton be allowed to exempt from the provisions of proposition two and one-half, so-called, the amounts required to pay for the bonds issued in order to pay costs of designing, constructing, and equipping a 4,000 square foot addition to and remodeling of the Templeton Police Station, located at 33 South Road, Templeton, Massachusetts, including the payment of all costs incidental or related thereto?


                                                YES___________                  NO____________

from "A primer on prop 2 1/2 by the DOR:
What is a Debt Exclusion? What is a Capital Outlay Expenditure Exclusion? Proposition 21 ⁄2 allows a community to raise funds for certain purposes above the amount of its levy limit or levy ceiling. Acommunity can assess taxes in excess of its levy limit or levy ceiling for the payment of certain capital projects and for the payment of specified debt service costs. An exclusion for the purpose of raising funds for debt service costs is referred to as a debt exclusion, and an exclusion for the purpose of raising funds for capital project costs is referred to as a capital outlay expenditure exclusion. Both exclusions require voter approval with very limited exceptions. These exceptions are explained on page 12. The additional amount for the payment of debt service is added to the levy limit or levy ceiling for the life of the debt only. The additional amount for the payment of the capital project cost is added to the levy limit or levy ceiling only for the year in which the project is being undertaken. Unlike overrides, exclusions do not become part of the base upon which the levy limit is calculated for future years. Reimbursements such as state reimbursements for school building construction are subtracted from the amount of the exclusion. A capital outlay expenditure exclusion or debt exclusion is effective even in the rare case when the exclusion would bring the community’s levy above its levy ceiling. Both of these exclusions require a two-thirds vote of the community’s selectmen, or town or city council (with the mayor’s approval if required by law) in order to be presented to the voters. A majority vote of approval by the electorate is required for both types of exclusion. Questions presented to exclude a debt obligation must state the purpose or purposes for which the monies from the debt issue will be used. Questions presented to exclude a capital outlay expenditure exclusion must state the amounts and purposes of the expenditures.

posted by Jeff Bennett

No comments:

Post a Comment