september 26 2005 to the honorable city council establishment of fy06 property tax rate by board assessors subject approval massachusetts department revenue is final step in annual fiscal process that begins spring each year with submission budget this memo i am transmitting you my recommendations for required votes necessary minimize fullest extent legally possible taxes on residential properties addition will find an analysis fy2006 levy values and other supporting information overview pleased inform actual reflects no increase from fy05 adopted april projected a 5 million or 2 lowest decade 228 470 842 order fund operating capital expenditures however based continued growth non revenues motor vehicle excise hotel motel interest earnings s undesignated balance also know as free
