Article 40. Light Plant Expenditures and Payment in Lieu of Taxes

ARTICLE 40. To determine whether the Town will authorize that the income from sales of electricity and from servicing and jobbing during the 2027 fiscal year, together with the balance of operating cash in the Light Plant Fund, be expended without further appropriation under the direction and control of the Town Manager for the expenses of the Light Plant for that fiscal year, as defined in Mass. Gen. Laws c. 164, § 57, or for other plant extensions, enlargements, additions, renewals and reconstruction; and further, to authorize a transfer of $453,500 or any other sum, from the Operating Fund of the Light Plant to be used by the Board of Assessors to reduce the tax levy for the fiscal year ending June 30, 2027; or take any other action relative thereto.

Article Explanation

This article authorizes the Town Manager, as manager of the Light Plant, to expend the income received by the Light Plant from the sale of electricity long with other departmental income to be used for the purposes of operating the department for the fiscal year ending June 30, 2027. This is a routine annual action. Further, this article authorizes the transfer of $453,500 from the operating fund of the Light Plant to the General Fund as a payment in lieu of taxes (“PILOT”), and an amount consistent with past years designed to represent what a private utility would pay in property taxes.

Article Motion

That the Town take affirmative action on Article 40 as printed in the Warrant.