Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, August 10
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»Nantucket Current | Why Did The Finance Committee Reverse Its…
    Finance

    Nantucket Current | Why Did The Finance Committee Reverse Its…

    July 27, 20242 Mins Read


    On Monday, the Finance Committee voted 4-3 not to support the Planning Board and Select Board’s endorsement of the compromise short-term rental proposal that emerged from a series of negotiations between bylaw sponsors for September’s Special Town Meeting. Then, on Thursday, they changed their minds and voted 4-2 to back the other boards’ positive recommendations. What changed?

    Mostly, former short-term rental work group member Peter Schaeffer.

    “I think it’s got too many words and it’s too confusing and it’s not going to pass,” he said at Thursday’s meeting. “However, I think it’s important for the three committees to stand together and to move forward on something. I thought about it yesterday and tonight, today and I am going to change my vote because I think we need to do something and even if it doesn’t pass it shows more unity than we’ve had before on anything else we’ve voted on.”

    After the Finance Committee wrapped up discussing the last few articles on the warrant for September, Jill Vieth made a motion to reconsider their vote on Article 1, the compromise article. Her motion passed unanimously. Revotes are rare in Nantucket’s local government, and the support for Vieth’s motion, even from the Committee members who ultimately voted against a positive recommendation, waså notable.

    One sign of the rarity of such motions? Monday’s meeting lasted two and a half hours and included lengthy public comments from article sponsors and advocates. The revote took less than ten minutes, and the only member of the public who weighed in was Planning Board Chair Dave Iverson.

    Joanna Roche, who voted against recommending the compromise article, was absent from Thursday’s meeting, accounting for the other missing no vote. With Chris Glowacki and Stephen Maury, who helped draft the compromise, both recused, that left only Rob Giachetti and Jeremy Bloomer against the proposal. Chair Denice Kronau, Joe Wright, and Jill Vieth joined Schaeffer in voting for the positive recommendation. For a moment, it seemed that Giachetti might change his mind as well. When his turn came to weigh in, he hesitated, as if unsure of what to say. But, ultimately, he stuck with his original vote.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleRackspace EVP Sinha sells $352k in company stock By Investing.com
    Next Article $1.25 million Fort Mitchell home sale among the week’s top property transfers

    Related Posts

    Finance

    The modern public finance workforce: Developing future-ready talent

    August 6, 2026
    Finance

    The Audit Committee Is Changing—Is Your Finance Team?

    August 5, 2026
    Finance

    10 Accounting and Finance Roles AI Is Reshaping in 2026

    August 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin And Crypto ETFs Experience Pre-Holiday Outflows Amid Year-End Adjustments

    December 25, 2025
    Stock Market

    Shein considers US restructuring as trade war threatens London IPO plans

    April 30, 2025
    Bitcoin

    Bitcoin Is Mirroring Soybean Chart Before 1970s Crash: Peter Brandt

    October 21, 2025
    What's Hot

    November 2025 Stock Market Outlook: AI Mega-Caps Drive Valuation Surge

    November 5, 2025

    Dow, S&P 500, Nasdaq futures waver amid Trump’s new tariffs, looming PCE inflation data

    September 26, 2025

    China’s property crisis sends shockwaves through global markets

    September 5, 2023
    Most Popular

    Bitcoin Reclaims $65,000 as BTC ETF Inflows Return: Is the Worst Over?

    July 20, 2026

    The 3 Pillars of Gold’s Secular Bull Market

    August 3, 2026

    Stock Market Close: Sensex soars 1,205 pts, Nifty ends at 23,306 on West Asia de-escalation hopes | Markets News

    March 26, 2026
    Editor's Picks

    S&P 500 Bulls Drive Longest Weekly Advance in 2024: Markets Wrap

    October 18, 2024

    FBI Breaks Silence About Bitcoin Creator Satoshi Nakamoto

    August 13, 2024

    Inverkip property: Four bedroom detached family home

    June 29, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.