The meeting’s primary focus was the public hearing concerning the selection of a residential factor to determine the tax burden distribution across property classes. Several options were presented, including maintaining the current tax shift rate or adopting new ones aimed at stabilizing either residential or commercial tax rates. Notably, discussions highlighted the transition of major businesses like Stop and Shop and Amazon from their existing Tax Increment Financing (TIF) agreements. Stop and Shop’s departure from a 20-year TIF agreement, which had previously exempted its personal property from taxation, resulted in a significant tax contribution, with its real estate value increasing by $2.4 million and personal property generating $15.1 million in tax revenue. Amazon’s TIF adjustment, from 75% to 50%, contributed an estimated $9.7 million increase due to market value changes.

Concerns were voiced regarding the impact of these tax shifts on smaller businesses and the average residential tax bill, which could see an increase of approximately $82. The potential deterrent effect of high tax burdens on larger businesses establishing themselves in Freetown was also discussed, emphasizing the need for a balanced approach that supports both residents and businesses.

The board explored the necessity of setting a residential factor that maintains fairness without discouraging new business ventures. The possibility of future expansion and development was considered, with some members advocating for a tax shift that could accommodate long-term planning needs. A critical threshold at a shift rate of 1.65 was noted, with warnings that dropping below this level might complicate future adjustments unless growth benchmarks are met.

Further discussions delved into the implications of state legislative changes affecting in-law apartments and common ownership of lots. These changes have removed many restrictions, enabling property owners to develop additional units more easily, potentially increasing property values and tax assessments. The board acknowledged the challenges this posed for long-term residents who may face higher assessments due to the development potential of their properties.

In addition to tax-related topics, the board addressed the need to replace the well at the James White Library, which had run dry. The board approved a motion to drill a new well, costing approximately $115,000, funded by the building improvement fund. This decision was made without initiating a procurement process due to the emergency nature of the situation.

The meeting also covered the approval of liquor license renewals for 2025, with the board unanimously approving applications for all-alcohol beverage, wine, and malt licenses, as well as entertainment licenses, after confirming all necessary paperwork was complete.

A significant agenda item was the upcoming annual local election scheduled for April 7, 2025. The town clerk presented a list of available positions, including one selectman and three finance committee members. The board discussed the potential reintroduction of vote-by-mail options, having opted out the previous year, to avoid voter confusion due to state-mandated notifications.

Another notable topic was the proposal to add lights to telephone poles on Long Pond Road to improve safety near the football field. The board approved the installation of two lights, recognizing the minimal cost and monthly maintenance fees as worthwhile investments for pedestrian safety, particularly for children crossing during sports activities.

Lastly, the board addressed several administrative matters, including the acknowledgment of a disclosure form from Town Administrator Debbie Petty regarding potential conflicts of interest and the decision to amend policies to allow for the donation of surplus equipment.