The board is contemplating a small commercial tax exemption that would set a threshold at $10,000, a decision aimed at benefiting more businesses and potentially stimulating economic growth. This figure, higher than the previously considered $2,500, is intended to encompass a wider range of businesses and promote development. One member expressed confidence that this proposal would not face resistance, emphasizing that the potential impact on the town’s revenue is minimal compared to its overall financial scale. The board plans to include this exemption on the town warrant, pending final wording adjustments.

In parallel, the board addressed a proposal to increase the veteran’s exemption under the Hero Act from $1,000 to $2,000. This increase seeks to provide greater financial relief to veterans, with the full backing of the board. However, procedural details such as drafting and presenting the warrant article at the town meeting remain to be finalized. The board discussed the importance of obtaining information from other communities that have implemented similar measures to ensure clear and effective legislation.

These procedural items were handled efficiently, with members noting the busy schedule of abatements yet to be processed.