Committee Report - Finance - 2-4-14 — File 196232

February 4, 2014 Finance Committee Page 1 of 1 Printed 2/11/2014 REPORT OF THE FINANCE COMMITTEE Meeting as a COMMITTEE OF THE WHOLE Attendee Name Title Status Arrived Tony Lafuente Chair Present Maryann M. Heuston Vice Chair Present Katjana Ballantyne Ward Seven Alderman Present John M. Connolly Alderman At Large Present William A. White Jr. Alderman At Large Present Mark Niedergang Ward Five Alderman Present Matthew McLaughlin Ward One Alderman Present Robert J. McWatters Ward Three Alderman Present Rebekah L. Gewirtz Ward Six Alderman Present Dennis M. Sullivan Alderman At Large Present Mary Jo Rossetti Alderman at Large Absent The Committee met as a COMMITTEE OF THE WHOLE. • PUBLIC HEARING regarding the increase in residential and commercial property valuations and real estate taxes. 196116 - That the Chief Assessor and the Director of SPCD appear before this Board’s Finance Committee to discuss the increase in commercial and residential property valuations and real estate taxes, especially for restaurants, and its impact on existing businesses and future development.: RESULT: KEPT IN COMMITTEE 196146 - That the Chief Assessor appear before this Board to answer questions about tax bills.: Alderman White's motion that the Chief Assessor appear before the Board of Aldermen to raise the residential exemption to 35% or 40%, was approved. RESULT: KEPT IN COMMITTEE