Jack, Thank you for submitting this correction !
Hi Diane,
I would like to clarify the statement I made at the Town meeting regarding dues.
To correct the statement that $900-$55(fire dues)= $845, note that the actual amount of fire dues we paid to the fire company was actually $46.20. The difference between that and $55 went into the general POA fund. Thus $900 -$46(rounding)=$854.
My suggestion was to bill for this coming year at $875 resulting in an increase of $875-$854=$21. Given 580 houses paying this results in an actual increase, not taking into account the fire dues, of $12,180. I felt this would be a modest increase of revenue which really would not do much. On the surface when the statements go out they would show $875 which actually appears lower than last year, again disregarding the fire dues.
I did not suggest a $100 assessment for the Capital Improvements. What I did say was since we have no idea at this time what the Budget for next year will be, we should wait until the Budget is approved and see how things go for a few months. After we get some idea how we are doing, if we see we need additional funds we could then levy a special assessment which may or may not include funding the Capital Improvements Fund.
Thank you,
Jack Watson
I would like to clarify the statement I made at the Town meeting regarding dues.
To correct the statement that $900-$55(fire dues)= $845, note that the actual amount of fire dues we paid to the fire company was actually $46.20. The difference between that and $55 went into the general POA fund. Thus $900 -$46(rounding)=$854.
My suggestion was to bill for this coming year at $875 resulting in an increase of $875-$854=$21. Given 580 houses paying this results in an actual increase, not taking into account the fire dues, of $12,180. I felt this would be a modest increase of revenue which really would not do much. On the surface when the statements go out they would show $875 which actually appears lower than last year, again disregarding the fire dues.
I did not suggest a $100 assessment for the Capital Improvements. What I did say was since we have no idea at this time what the Budget for next year will be, we should wait until the Budget is approved and see how things go for a few months. After we get some idea how we are doing, if we see we need additional funds we could then levy a special assessment which may or may not include funding the Capital Improvements Fund.
Thank you,
Jack Watson
