Bill allowing new open space tax goes to public hearing
"It makes eminent good sense for the town of
The hearing will take place at
This year's bill is sponsored by state Reps.
The bill would allow towns to impose a 1 percent fee on real estate property purchases over
Various versions of the bill failed to win approval in previous years, but
"It's a local opportunity and not a requirement," Hudson said. "Why not have a tool in the toolbox for communities who want to use it?"
Preserving forests and fields as open space, he said, provides areas for recreation and wildlife, helps protect the drinking water supply and enriches real estate values.
"But it's getting ever harder to pay for open space acquisition," he said.
Hudson noted that as state funding for open space purchases decreases, providing a new revenue stream becomes essential if the state is to achieve its goal of conserving 21 percent of its land as open space by year 2023. Gov.
Among groups who plan to testify against the bill is the
"We're at the table every day with people who just don't have enough funds to close," he said.
Barbaro added that the Realtors group supports efforts to purchase more open space but doesn't believe this bill provides an appropriate mechanism.
"The bill's well intentioned. We're for open space," he said.
Eno, however, said the bill would help
Under the bill, he noted, each town would decide whether to adopt an ordinance to levy the buyer's fee on real estate purchases.
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