[Massplanners] Prop 2.5 Override - Capital/Debt Exclusion Tips
Mariah Kurtz
mariah.kurtz at erving-ma.gov
Mon Jun 26 20:26:36 EDT 2023
Hi all,
Has anyone here gone through the Proposition 2.5 override Capital or Debt Exclusion process to fund a project? Our town hasn't ever (or at least in living memory) had an override vote, so no one on our team has experience with this process to draw on. I've got our Select Board, Finance Committee, and Capital Planning Committee on board to propose one this fall to fund the demolition of our long-derelict mill building. They have whittled it down to two options - pay for it in a one time capital exclusion or pay for it through a 5 year debt exclusion. At our public input session residents (surprisingly) largely favored paying for it outright in one year.
They're currently trying to figure out the logistics of the necessary town meeting and ballot vote. We need at least 4 weeks to plan an STM and 35 days to schedule a ballot vote.
The least confusing option seems to be host town meeting > take the winning option and create the ballot > residents ballot vote. But some folks are concerned that if there is 35 days between votes, less people will show up for the ballot vote and it will skew the results. In a more confusing option, we could have both options presented at the STM and on the ballot, but if different ones win in each, we would need to host a second STM to reconcile the results, which seems like a huge headache.
Mariah Kurtz (she/her)
Town Planner
Town of Erving
12 East Main Street
Erving, Massachusetts 01344
Phone: (413) 422-2800 ext. 1108 | Online: www.Erving-Ma.gov<http://www.erving-ma.gov/> | Facebook: Town of Erving<https://www.facebook.com/townoferving>
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