In Amendment Of Section 4 Of Chapter 1321 Of The Public Laws, 1915, Entitled "fixing The Time For The Election Of Officers In The Town Of Scituate" As Previously Amended By Chapter 3777 Of The Public Laws Of 1956 And Authorizing The Town Of Scituate To Change The Date Of Its Fiscal Year And Allowing The Tax Levy For A Transitional Fiscal Year To Exceed The Maximum Set Forth In ยง 44-5-2.
Impact
The bill allows Scituate to adopt an annual budget for a transitional period from April 1, 2023, to June 30, 2024, and permits the town to levy taxes that exceed the previously established maximum increase of 4%. This extended fiscal year provision is significant as it provides more flexibility in budget planning and allows for increased local funding without drastic cuts or financial strain. Moreover, the authorization includes that the tax levied can support various local services and projects, reinforcing the town's capability to manage its financial obligations effectively.
Summary
Bill S2962 amends Section 4 of Chapter 1321 of the Public Laws of 1915, specifically concerning the scheduling of the annual financial town meeting for the Town of Scituate. Starting in 2024, the town meeting will take place on the first Tuesday of June at 7:00 PM. This change comes as a result of a resolution adopted by the qualified electors of Scituate, allowing for a shift in the fiscal year and aligning it more closely with the state fiscal calendar.
Contention
One notable point of contention surrounding this bill involves the implications of the increased tax levy. While proponents argue that it is necessary for adequate funding of local services such as schools, infrastructure, and emergency services, some residents might view the extended levy as a potential burden. Concerns could arise about the long-term financial management and whether such fiscal strategies would lead to future tax increases. Ultimately, the bill requires that any budget exceeding the stipulated levy must be approved by the electors, introducing a layer of community oversight in fiscal matters.
In Amendment Of Section 4 Of Chapter 1321 Of The Public Laws, 1915, Entitled "fixing The Time For The Election Of Officers In The Town Of Scituate" As Previously Amended By Chapter 3777 Of The Public Laws Of 1956 And Authorizing The Town Of Scituate To Change The Date Of Its Fiscal Year And Allowing The Tax Levy For A Transitional Fiscal Year To Exceed The Maximum Set Forth In Section 44-5-2.
IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $3,500,000 BONDS BY THE TOWN OF SCITUATE TO FINANCE CAPITAL PROJECTS AT THE SCITUATE SCHOOLS
IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $3,500,000 BONDS BY THE TOWN OF SCITUATE TO FINANCE CAPITAL PROJECTS AT THE SCITUATE SCHOOLS
Authorizing The Town Of Scituate To Issue General Obligation Bonds And Notes In An Amount Not To Exceed $750,000 To Finance Equipment, Repairs And/or Improvements At The Scituate Public Schools
Authorizing The Town Of Scituate To Issue General Obligation Bonds And Notes In An Amount Not To Exceed $750,000 To Finance Equipment, Repairs And/or Improvements At The Scituate Public Schools