Select Board Short Takes
Fri, 11/01/2019 - 10:53am Heraldgroton
FY2020 First Quarter Review
Town Manager Mark Haddad provided a financial update to the Board on the first quarter of FY2020.
The meals tax came in $13K higher than projected for June/ July/August. “This means that the new restaurants are doing great,” he said. “However, “I am concerned about the room tax for July and August.” He advised that the room tax revenue is lower than forecast. “We counted on revenue of $50K but it looks like its running at $37K annually.”
Another area of concern is the revenue from licenses and permits, due to slowing in construction. Last year in the second quarter, there was an $80K permit for HVAC work.
He was pleased that real estate taxes are strong and payments are on time. The excise taxes have leveled off as people are not buying new cars.
“Overall we are ok ....and we are on target for this fiscal year.” The next quarter review will take place in January.
Celebration for The New Groton Center
The Select Board voted to approve a One-Day Beer and Wine License (for a Champagne Toast) for the New Center Dedication Ceremony on Saturday, Nov 2, 2019 from 1 to 4 p.m.
Financial Recap For The Center
Selectman Josh Degen asked Town Manager Haddad to provide a financial recap of the Center building project.
Update Affordable Housing Trust
Select Board member Becky Pine reported on the Affordable Housing Trust work to date. “There really is no progress. There is good work happening but there is actually nothing accomplished.”
Pine stressed that there is a market for senior housing because rentals can meet the quota for affordable housing. She pointed to the rental units in Lincoln at Crosby’s Corner on Route 2 and said that because these rentals all count, Lincoln has met its affordable housing target. “It takes a large parcel of land to do this,” and she was hoping that a developer might be interested in building some senior rental units in Groton, she said.
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