The tax classification hearing was notably significant as it determined the fiscal structure for the coming year. Jason Deio, the assessor, presented detailed data and options to the board. He outlined that Newbury’s total taxable value had increased by 6.9% compared to the previous fiscal year, with residential properties accounting for 95.7% of the tax base. The estimated tax rate for fiscal year 2025 was projected to be $745 per thousand, resulting in an average increase of $189 for homeowners. Deio presented the option of adopting a shift in the residential factor, which would redistribute the tax burden onto commercial and industrial properties. However, this shift would only marginally reduce the tax for homeowners by $28 while increasing the burden on commercial properties by $661.

Despite the potential for a minor alleviation in homeowner taxes, the Board of Assessors strongly recommended maintaining a uniform tax rate. Deio also discussed the potential residential exemption, which could have provided significant savings for lower-valued homes but would result in considerable tax hikes for higher-valued properties. Public comments during the hearing, such as those from resident Dale Williams, questioned the attractiveness of a uniform rate for potential businesses given the town’s lack of new business growth. The board proceeded to vote on maintaining the uniform tax rate after considering these factors.

The meeting also included a discussion on the town’s municipal electricity aggregation program, which aims to provide residents with more options for their electricity supply. Mark Caporaso from Colonial Power Group explained the aggregation process, which allows the town to procure energy on behalf of its residents. The aggregation is an opt-out model; therefore, residents will be automatically enrolled unless they choose otherwise. Caporaso emphasized that the program offers a potential advantage when National Grid’s rates are high, providing residents with more competitive electricity pricing.

Questions arose regarding the implications for residents with solar panels and those benefiting from electric vehicle charging incentives. It was clarified that existing contracts with National Grid would remain unaffected, and residents could continue to sell excess energy back to the grid. Despite the complexities, the board underscored the importance of clear communication to ensure residents understand the program and their options. Efforts will include mailings, public meetings, and other informational outreach.

Additionally, the board addressed the allocation of grants and donations, approving a $5,700 allocation from the Massachusetts Cultural Council for the Newbury Cultural Council. Several donations to the Council on Aging were also accepted, including a $2,300 from the Central Congregational Church earmarked for transportation and prescription refill assistance.

The board further discussed the town’s financial outlook, with the Town Administrator announcing a certification of free cash at $2,536,375. This figure, coupled with a slowing local economy, necessitated careful budget planning. The board emphasized the need for updated financial policies and capital improvement plans, including succession planning for key departments and addressing rising education costs.

In other community initiatives, the board approved the installation of electric vehicle charging stations and discussed ongoing projects like the Caldwell Farm trail and Central Street playground. The latter faced delays due to a protest from a losing bidder, prompting a hearing with the Attorney General’s office. There was also a proposal to repurpose unallocated ARPA funds for purchasing a new wood chipper.

Finally, the meeting concluded with updates on upcoming community events, including the cancellation of the annual bonfire at Spencer Pierce Little Farm due to dry conditions and carbon emission concerns. This event will be replaced by a Christmas tree chipping event. The board also planned for a tree lighting ceremony and discussed ongoing negotiations regarding the library’s collective bargaining agreement, signaling continued engagement with community and employee relations.