Bill > H4546

This bill aims to establish community benefit districts in Massachusetts. The key provisions include: - Defining the terms and requirements for creating a community benefit district, such as the "formation threshold" requiring petition signers to pay over 50% of the proposed yearly assessment. - Outlining the rights and powers of a community benefit district corporation, which can undertake activities like economic development, public space management, and supplemental services. - Detailing the petition and approval process for establishing a new district, including public hearings and municipal governing body approval. - Requiring districts to be renewed every 10 years, with continuation subject to approval by participating property owners. - Stipulating the composition and responsibilities of the district's board of directors. - Allowing for exempt property owners to voluntarily participate and providing for financial hardship waivers. - Specifying the district fee formula and limiting the yearly assessment to no more than 0.5% of the total assessed valuation. - Enabling the municipal collector or treasurer to collect district fees and outlining the process for liens and collections. - Establishing a process for amending district boundaries and dissolving a district.

Budget and Finance

https://malegislature.gov/Bills/190/H4546