|
By Mr. Costello of Newburyport (by request), petition (accompanied by bill, House, No. 2872) of Jim Thivierge relative to the use of overlay reserves by cities and towns. Revenue. |
The Commonwealth of Massachusetts
——————
PETITION OF:
|
By Mr. Costello of Newburyport (by request), petition (accompanied by bill, House, No. 2872) of Jim Thivierge relative to the use of overlay reserves by cities and towns. Revenue. |
The Commonwealth of Massachusetts
——————
PETITION OF:
——————
In the Year Two Thousand and Seven.
——————
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. To create and or amend Massachusetts General Law(s) to create and allow the Commonwealth’s 351 cities and towns otherwise known as municipal corporations, the ability to use an overlay reserve for the purpose of storing/holding the balance of overlay surplus declared by the board of assessors not used to offset the annual overlay appropriation for abatements and exemptions during the fiscal year; and any balance of the overlay.