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Right now, | guess my house is worth a little bit more, | choose to live in it and everything else like that and |
am going to pay the taxes like everybody else. It’s bad to be us right now. But this it the way it basically is and
it’s, | don’t see any way around it. We just have to got to do what Nashuans really do and grin and bear it and
Carry on.
Alderwoman Kelly
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Massachusetts there is a different law, and each community sets separate rates for residential and
commercial. So commercial is set, in most communities, maybe all, | don’t know. John lives in Tyngsboro.
John Griffin
Tyngsboro has a flat rate, has a one tax rate, but neighboring communities that have a commercial base it
could be up to 175% of a single rate.
Mayor Donchess
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bring in be directed into CERF and the answer is yes. These new assessments will be reflected in next year’s
budget really not the one we are considering now. Is that correct? That’s not really correct is it? Considered
in next year’s budget. No that’s not really correct, but we would have passed the budget and we could, the
next time the budget comes around, we could certainly use the additional tax base to increase the amount
going into CERF.
Alderman O’Brien
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David Fredette
Most of the fire trucks are bonded. The one that is in 2019 you can see that Pierce Arrow is going to be
bonded $655,000.00 so most of them, so far, have been bonded. Not the pickup trucks they might buy, or an
SUV but the actual ladder trucks and all that, they do get bonded.
Alderman O’Brien
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Mayor Donchess
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through, or is David Fredette going to do it? David Fredette City Treasurer is going to brief us on the CERT
account, the Capital Equipment Reserve Account, how it works, what the balances are and what is proposed in
the budget that you received the other night.
Alderman Klee
| just have one quick question. The CNI, that includes all businesses like a restaurant as well as all multi-units
greater than five?
Mayor Donchess
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