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Two Major Capital Projects, $4.9 million Operating Override Considered

9/26/2022

 
By Carol Britton Meyer

Voters will make two important decisions at the Nov. 1 Special Town Meeting and at next year's Annual Town Meeting related to a potential $139.6 million debt exclusion to pay for a proposed new Foster School and public safety facility and an anticipated Fiscal 2024 $4.9 million operating override, respectively.

A debt exclusion is a temporary funding measure, while an override becomes part of the permanent tax base.

The decision of whether to fully fund the two projects through a debt exclusion rests with voters at this Fall's STM and the outcome of a Nov. 8 ballot vote.

A tax impact calculator will be available at a later date,  which will provide taxpayers with information about how the passage of these two warrant articles would affect their tax bills.

"We realize that [approval of these two projects]  would represent a significant tax increase, with many approaches to help mitigate the impacts," Town Administrator Tom Mayo said recently.

These include potential property tax exemption and relief opportunities for qualifying residents.

The next steps include finalizing the permitting for the Foster School and public safety facility projects; continued efforts to cut costs; Select Board and AdCom warrant article votes, and an October "media blitz" to educate residents about the two proposed projects and related information.

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    Meet Carol!

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    Carol Britton Meyer is a freelance journalist with a passion for community news. After working in the Christian Science Monitor newsroom in a number of roles, she covered the Hingham Journal news beat.
    Carol is now a regular news contributor for the Hingham Anchor team, a reporter for the Hull Times, and a blogger for Harbor Media. A longtime Hingham resident, she has two grown sons -- Marc and Chris -- a granddaughter, Aida, and two dogs, a Chihuahua, Benji, and a Shih Tzu, Quinn, who all love the Hingham community. 

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