Item Coversheet


Item Title:
COMMUNICATION & 3 ORDERS - CONSUMER PRICE INDEX FY2018

Item Detail:

14.     COMMUNICATION, BOARD OF ASSESSORS’ MOTION, Board of Assessors, to City Council, submitting MOTION passed 3-0, at its open meeting on JUNE 06, 2017, and requesting that the City Council ADOPT, and the Mayor APPROVE the THREE ORDERS relating to the Consumer Price Index, as determined by the Commissioner of Revenue, of a 1.48% increase for Clause 17’s, for the amount of exemption to be increased to $305.08; to accept under Chapter 59, Section 5, Clause 17E to increase the amount of assets to $62,205.00, to qualifying individuals; and under Chapter 59, Section 5, Clauses 41, 41B & 41C, raising the base limit of income for single taxpayers to $20,216.00 and married taxpayers to $23,329.00 and to raise the assets limits to $43,543.00 for single taxpayers and $46,654.00 for married taxpayers.

 

14a.     AN ORDER, (ORDERED, That, the exemption granted to persons qualifying under M.G.L. Chapter 59, Section 5, Clause 17, 17C, 17C½ and 17D is hereby increased by 1.48% for Fiscal Year 2018; said increase is equal to the Consumer Price Index.)

 

14b.     AN ORDER, (ORDERED, That pursuant to M.G.L. Chapter 59, Section 5, Clause 17E, the total value of assets, as set forth in M.G.L. Chapter 59, Section 5, Clause 17, 17C, 17C½ and 17D is hereby increased by 1.48% for Fiscal Year 2018; said increase is equal to the Consumer Price Index.)

 

14c.     AN ORDER, (ORDERED, That the base limit of income and the total value of assets of persons, qualifying under M.G.L. Chapter 59, Section 5, Clause 41, 41B, and 41C is hereby increased by 1.48% for Fiscal Year 2018; said increase is equal to the Consumer Price Index.)



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COMMUNICATION & ORDERSCover Memo