Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, June 3
    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

    AI is Transforming Finance Careers – Opinion News

    June 2, 2026
    Finance

    Gartner Finance Symposium’s AI message: Trial Balance

    June 1, 2026
    Finance

    Finance expert claims Sunderland in for ‘quite a shock’ after Europa League qualification

    June 1, 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 Weekly Forecast: No recovery in sight 

    February 20, 2026
    Bitcoin

    American Bitcoin, soutenu par Eric Trump, va entrer en bourse par le biais d’une fusion par échange d’actions

    May 12, 2025
    Bitcoin

    SGX to launch Bitcoin, Ethereum perpetual futures on Nov 24

    November 17, 2025
    What's Hot

    « J’ai envie de travailler dans la finance »

    May 18, 2025

    Western State Utilities Plan To Mitigate Wildfires, Others Unprepared

    June 28, 2025

    Le prix du Bitcoin dépasse les 90 000 $ : un nouvel horizon pour la crypto ?

    April 25, 2025
    Most Popular

    The UK’s ‘best’ seaside town to move to in 2025 with properties on sale for just £70k | UK | News

    May 31, 2025

    Le CAC 40 au plus haut depuis 4 mois ! Profitez-en avec cette stratégie gérée par IA Par Investing.com

    January 21, 2025

    L’appétit des risques augmente en bitcoin, volatilité susceptible d’augmenter: la société d’analyse prévient

    April 28, 2025
    Editor's Picks

    China Merchants Property Operation & Service Co. annonce ses résultats pour l’exercice clos le 31 décembre 2024 -Le 16 mars 2025 à 08:32

    March 15, 2025

    South Korea’s National Assembly passes law overhauling finance ministry, prosecutors’ office

    September 26, 2025

    Trend Following With Commodities: How To Implement A Classic Trading Strategy

    June 27, 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.