City Council To Consider Elderly Tax Exemption Tonight
City Council President's proposal increases exemption to $12,000.
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As the Budget Commission considered their plan to plug the $14.5 million deficit, including a second stab at a supplemental tax, Council President John Ward said he'd introduce tax exemptions for elder citizens.
Ward's following through on that promise later tonight at the City Council meeting, 7 p.m. in Harris Hall at City Hall, 169 Main St. with an ordinance that would hike the elderly tax exemption from $2,000 to $12,000.
The current ordinance is outdated, and needs to be edited to provide the tax relief originally intended.
To qualify, you've got to be 65 years old or older, have lived in the city for at least five years, and not make more than $30,000 (see the attached pdf).
Ward said the ordinance would help make up some of the ground older residents lose with the phase out of the homestead exemptions.
taxed2death
8:52 am on Monday, February 18, 2013
wow really gone to stick it to the elderly, under the old plan you only have to live in taxasocket for 1 year . so now under Wards plan any ederly living in taxasocket for 4 years 11months 30 days its too bad for you pay up gimme your pension
Nelson Aldrich
10:12 am on Monday, February 18, 2013
Nice catch taxed2death...the devil's in the details.
taxed2death
8:52 am on Monday, February 18, 2013
patch should put the whole article up witch includes the old plan
RonW
10:13 am on Monday, February 18, 2013
It just seems like The Woonsocket City Council keeps on giving people a reason to move out of Woonsocket.
Nelson Aldrich
10:09 am on Tuesday, February 19, 2013
I'm wondering what they're going to do to keep people in when their 5 year plan falls flat on it's face.Nice try Budget Commission,without a way to debt relief this thing is doomed to fail.
Bankrupt is bankrupt,you can't gloss it over or kick the can down the road.
Steve
3:11 pm on Monday, February 18, 2013
Did anyone catch this recent tidbit:
l reference an article to an accelerated Homestead Exemption payoff plan made in the Woonsocket Call today:
Grappling with the fiscal chore of erasing a budget deficit on tract to reach
nearly $15 million by the end of the fiscal year, the commission has already
approved a phase-out of the homestead exemption at the rate of 3 percent a year.
As the commission tweaks the details of a recently unveiled five-year plan
designed to eliminate the deficit, it’s possible – likely, some say – that the
panel will hasten the pace of the phase-out.
As Celeste puts it, “We’re on a five-year plan. Why’re we on a 14-year
phase-out?”
Though a quicker phase-out hasn’t been addressed in much detail, Ward, who is
also a member of the Budget Commission, says the five-year plan is flexible
enough to adjust the homestead exemption as a strategy for generating new
revenue.
http://www.woonsocketcall.com/node/7462
So, single family home owners, get ready because here it comes!
dan moran
3:11 pm on Monday, February 18, 2013
Whats income got to do with it if you meet all the other criteria?
michael
3:11 pm on Monday, February 18, 2013
Wow pretty depressing going after the old people.I still believe the 10million dallor deficit from last year should've been investigated then we would be at 4.5million but that would be to easy
michael
3:11 pm on Monday, February 18, 2013
This city council's idea is a bad one. What they need to do is start collections from fines and get this city back in shape like reopen the court house and keep the money on traffic fines and any other fines revenues here in woonsocket instead of providence?????
Rob
3:11 pm on Monday, February 18, 2013
no they're just trying to get rid of the elderly thats all.
russell archambault
9:28 pm on Monday, February 18, 2013
NOVAN WHO CARES. THE ELDERLY SERVE NO PURPOSE. ON THE OTHER HAND CHICKENS CAN GIVE US EGGS. NEXT GOATS, CAN PROVIDE MILK. WE NEED MORE FARMS IN THIS CITY.
taxed2death
9:56 pm on Tuesday, February 19, 2013
well when you become an elderly and they try to get rid of you,what you gonna say then
Tired of bending over
9:28 pm on Monday, February 18, 2013
Do you people know what a tax EXEMPTION is? The elderly would be paying less taxes. As far as the 5 year rule think about it...how many elderly people are actually buying in the city? Most of them have lived here most of their lives, they've already lived here for more than five years.
taxed2death
9:56 pm on Tuesday, February 19, 2013
clean out morin heights and bourdon blvd too many freeloaders in this cake and pie giving city