I keep hearing about severe "cuts to city services" but I don't understand this. Why would services need to be cut if there is no override? How are these services paid for now?
Is Melrose in debt? I thought the bond rating was good?
There was that study done a few years ago about the increase in kindergarteners so that is not unexpected. The pods were bought because of this.
If the city budget needs a review, there probably are items that could be cut or reduced. Sunday hours at the library and the planters downtown could go or be privately funded. The Sunday hours at the Winchester library were privately funded for years. When looking to free up cash, you slash the nice to haves and if someone wants to pay privately they can.
I read much about home values being driven down without the override and this confuses me too. Homes in this area have skyrocketed in price overall. Melrose, yes, but also Malden, Wakefield, Stoneham, Everett, Saugus, Revere, everywhere. If you want a baseline, see how much it is to buy in Chelsea right now. These are larger market forces at work.
No one says this but high market values work against you for college financial aid. And capital gains tax if you sell.
The proposed override was 2.4 million in 2015 and now it's over 5 million? That is a 100% increase. We all complain about prices going up but everyone can admit that they have not doubled since 2015.
Upon examination, this override does not seem essential. It may pay for some pet projects but it is far from necessary.
Actually, you are incorrect on one thing, the value of your home is not factored in determining federal financial aid. Less than 200 of the 5000+ schools in US may look at home equity, but not all do. Please stop with the scare tactics.