Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, November 14
    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

    Manappuram Finance shares dip 4% even as brokerages upbeat; here’s why | Markets News

    November 12, 2026
    Finance

    Claude Personal Finance Vs. ChatGPT Finances: What Sets Them Apart?

    November 7, 2026
    Finance

    Claude Personal Finance: What the AI sees in your bank account

    November 6, 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
    Stock Market

    3 UK Penny Stocks With Market Caps Under £200M To Consider

    February 9, 2025
    Bitcoin

    Bitcoin developers look to remove old fee signal that leaks wallet clues

    June 21, 2026
    Stock Market

    Stock market today: Gift Nifty hints muted start; US-Iran peace talks to crude oil prices – 8 stocks to buy

    June 22, 2026
    What's Hot

    Real estate investors predict rush to South Florida following NYC mayoral race during Miami conference – WSVN 7News | Miami News, Weather, Sports

    November 5, 2025

    Pourquoi le bitcoin tombe-t-il aujourd’hui? Voici la raison probable

    May 20, 2025

    Micron stock falls as Samsung results weigh on chip sector By Investing.com

    July 7, 2026
    Most Popular

    Bitcoin enregistre la 2e semaine consécutive des entrées de trésorerie: un rallye en petits groupes arrive-t-il?

    June 23, 2025

    Bitcoin Break Below $80,000 Signals New Crisis of Confidence

    February 1, 2026

    Stock Market Live Updates August 27, 2024: Sensex, Nifty flat at open

    August 27, 2024
    Editor's Picks

    La fête d’Amérique d’Elon Musk facilitera-t-elle le bitcoin vert?

    July 9, 2025

    How major US stock indexes fared Thursday, 12/4/2025

    December 4, 2025

    Property expert George Clarke shares money-saving home tips for Scots

    May 22, 2026
    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.