HomeMy Public PortalAbout23-10-10 Resolution: H2910 Tax Classification '24,'25, '26Watertown City Council
Administration Building
149 Main Street
Watertown, MA 02472
Phone: 617-972-6470
RESOLUTION # 70
2023 — R — ?d
RESOLUTION AUTHORIZING AN AMENDMENT TO PENDING SPECIAL
LEGISLATION (H2910) RELATIVE TO PROPERTY TAX CLASSIFICATION
ALLOWING FOR NEW MINIMUM RESIDENTIAL FACTORS FOR FISCAL YEARS
2024, 2025 AND 2026
WHEREAS, the City Council of the City of Watertown, in response to undergoing
substantial growth in large-scale commercial and industrial development, authorized the
filing of a petition with the General Court for special legislation to allow for adoption of new
minimum residential factor for fiscal year 2023, fiscal year 2024, fiscal year 2025; and
WHEREAS, such legislation is currently pending before the General Court; and
WHEREAS, the pending legislation addresses a new minimum residential factor for Fiscal
Year 2023, which Fiscal Year has passed; and
WHEREAS, the intent of the pending legislation is to provide for a new minimum
residential factor for the City for three fiscal years.
NOW THEREFORE BE IT RESOLVED: that the City Council of the City of Watertown
hereby authorizes an amendment to the pending special legislation eliminating reference
to fiscal year 2023 and to allow for adoption of a new minimum residential factor for fiscal
year 2024, fiscal year 2025, and fiscal year 2026 as follows:
An Act Relative to Property Tax Classifications in the City of Watertown
SECTION 1. Notwithstanding section 1A of chapter 58 of the General Laws or any other
general or special law, rule or regulation to the contrary, the commissioner of revenue
shall further adjust the minimum residential factor of the city of Watertown determined
under said section 1A of said chapter 58 for fiscal years 2024, 2025 and 2026 if adoption
of such factor for any such year would otherwise have been determined through
application of the percentage limitation under clause (b) of the third sentence of the
second paragraph of said section 1A of said chapter 58. The new minimum residential
factor for such year shall be: (i) for fiscal year 2024, 50 per cent, subject to such
adjustment upward as may be required to provide that the percentage of the total tax levy
imposed on any class of real or personal property shall not exceed 175 per cent of the full
and fair cash valuation of the taxable real and personal property in the city of Watertown;
(ii) for fiscal year 2025, 50 per cent, subject to such adjustment upward as may be
required to provide that the percentage of the total tax levy imposed on any class of real
or personal property shall not exceed 175 per cent of the full and fair cash valuation of the
taxable real and personal property in the city of Watertown; and (iii) for fiscal year 2026,
50 per cent, subject to such adjustment upward as may be required to provide that the
percentage of the total tax levy imposed on any class of real or personal property shall not
exceed 175 per cent of the full and fair cash valuation of the taxable real and personal
property in the city of Watertown.
SECTION 2. This act shall take effect upon its passage.
AND BE IT FURTHER RESOLVED that the General Court may make clerical or editorial
changes of form only to the proposed special act, unless the City Council approves such
changes as are consistent with the public purposes of this petition prior to enactment by
the General Court.
I hereby certify that at a Meeting of the City Council for which a quorum was present, the
above Resolution was adopted by a vote of Q for, ()against, and 0 present on October
10, 2023.
v_ U l d v v
Brendan __ cCartfy, Council Clerk Ma S. Sideris, Council President
Mark S. Sideris,
Council President
Caroline Bays,
Councilor At Large
Nicole Gardner,
DistrictA Councilor
ELECTED OFFICIALS
Vincent J. Piccirilli, Jr.,
Vice President &
District C Councilor
John G. Gannon,
CouncilorAt Large
Lisa J. Feltner,
District B Councilor
John M. Airasian,
Councilor At Large
Anthony Palomba,
Councilor At Large
Emily Izzo,
District D Councilor