Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, October 24
    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

    Roma Finance announces series of internal appointments

    October 22, 2026
    Finance

    Crystal Specialist Finance appoints new managing director

    October 20, 2026
    Finance

    Finance Report – ABC News

    October 19, 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

    LONDON MARKET OPEN: FTSE 100 falls as Shell, AB Foods and Tesco sink

    January 8, 2026
    Bitcoin

    Arthur Hayes Confirmed As A Bitcoin 2026 Speaker

    March 3, 2026
    Utilities

    Kehoe signs law likely to increase utilities’ profits, Missourians’ utility bills

    April 22, 2025
    What's Hot

    Tim Draper Doubles Down on $250K Bitcoin (BTC) Forecast After Nailing Previous Predictions

    April 15, 2026

    New Hampshire’s $100 Million Bitcoin-Backed Bond Faces Final Vote

    July 7, 2026

    Bitcoin Has Erased All of Its Trump-Era Gains — $1.2 Trillion Lost in Eight Months

    June 11, 2026
    Most Popular

    Fidelity Outlines 5 Factors That Could End The Bitcoin And Crypto Winter

    June 29, 2026

    Bitcoin (BTC) Surges Past $64K as Cooling Inflation Data Crushes Fed Rate Hike Expectations

    July 15, 2026

    Superdry exits London Stock Exchange

    July 12, 2024
    Editor's Picks

    AGNC Investment Sees a Big Change Ahead. Here’s What That Could Mean for its Nearly 14%-Yielding Dividend.

    October 23, 2024

    Le Bitcoin dépasse les 118 000 $ US pour la première fois et continue de progresser

    July 11, 2025

    Japan Just Cut the Anchor and the Global Bond Market Is Drifting

    January 21, 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.