MEETING MINUTES OF THE ELDERLY BENEFIT COMMITTEE
Friday, January 22, 2016
4:00 P.m.
Town Hall – First Floor Conference Room
I. CALL TO ORDER
II. BUSINESS BEFORE THE BOARD
REPORT TO THE BOARD OF FINANCE
The undersigned is a committee appointed by the Board of Selectmen under the provisions of Section 12-129n(b) of the Connecticut General Statutes with reference to examining a proposal of the Board of Selectmen to provide tax relief for homeowners over the age of sixty-five years, or permanently or totally disabled. The Committee met on January 22, 2016 to review a proposal to provide approximately $90,000.00 in tax relief to qualifying homeowners for the Town tax year July 1, 2016 to June 30, 2017. In accordance with the provisions of the statute, the findings and recommendations of this committee are as follows:
1. That the tax relief to qualifying persons for the tax year beginning July 1, 2016 be in an amount not to exceed $90,000.00.
2. That the qualifications for such relief be in accordance with the provisions presently allowing relief for those persons under the provisions of Section 12-129(b) of the Connecticut General Statutes. The qualifications are summarized in “Schedule A” attached hereto and made a part hereof. Notwithstanding the foregoing, the relief provided hereunder to a qualified taxpayer shall not exceed an amount which, when added to relief for which such taxpayer is eligible under sections 12-129b to 12-129d, inclusive, or section 12-170aa, of the Connecticut General Statutes, would in the aggregate exceed 75% of the property tax for which such taxpayer would be liable but for the benefits hereunder and under said sections.
3. That the fiscal effect of the proposed property tax relief on the budget for the municipality for the coming tax year is negligible.
4. That the tax relief program be reviewed on a year to year basis for tax years following the tax year beginning July 1, 2016.
5. That if deemed necessary by the Old Saybrook Tax Assessor and Tax Collector by reason of time constraints, the property tax relief program for the tax year beginning July 1, 2016 may be implemented by certificates of correction (for the full amount of the relief) issued with respect to the installment of taxes due and payable January 1, 2017.
ELDERLY BENEFIT COMMITTEE
Carl P. Fortuna, Jr., Chairman
January 22, 2016
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