Belmont Treasurer Carman Will Not Seek Re-election, Opens Up Vote On Appointed Post

By Leave a Comment

Photo: A 2014 photo of Town Treasurer Floyd Carman

Floyd Carman, Belmont’s long time Treasurer, announced late Friday, Dec. 30, his decision not to seek re-election to the post in the April 2023 town election.

“I am retiring and not running for re-election on April 4, 2023, as your Elected Town Treasurer and Tax Collector after 18 years on the job,” said Carman in an email to residents. “It has been a privilege and honor to serve Belmont.”

The announcement makes official what was speculated in the fall when the Select Board’s Roy Epstein revealed that Carman would not seek a seventh three year term as the town’s leading financial official. Carman would later say in November that he would decide whether to run to keep the post “sometime in the new year.”

With Carman’s decision, the Select Board will move forward with its plan to seek Town Meeting approval to restructure the Treasurer’s position from an elected position to one which is appointed by the Town Administrator. The Board is seeking to implement one of the major recommendations proposed in a report by the Collins Center for Public Management released in August 2022. The report called Belmont “one of the most decentralized town structures of its size existing in the Commonwealth” resulting in a “significant diffusion of responsibilities and authority across the executive branch.” The Center made nearly 20 recommendations including the change to an appointed treasurer to allow a more cohesive approach to budgeting and financial management.

The Special Town Meeting will be held in February for member to vote on an article to establish an appointed treasurer post. If adopted, a ballot question will be presented to voters at the Town Election. During this time, any eligible voter can run for the open post to fill the three year term. If the voters approve the appointed treasurer post, the winner in the general election will serve until the legislature approves the voters initiative which will occur in a matter of weeks. If the voters rejects the proposal, the winner will serve the three year term.

The Select Board has come out in strong support for the appointed post as have many members of the influential Warrant Committee. Additionally, Elizabeth Dionne, the sole candidate seeking to fill the seat on the Select Board held by Adam Dash who is not running for re-election, has said she supports a appointed treasurer. Critics of the change have said there are highly qualified residents who can fill the post who will then be beholden to the voters rather than a non-elected Town Administrator.

Select Board Seeks Quick Action Transforming Treasurer’s Position To Appointed Post As Carman Appears Ready To Depart

By 1 Comment

Photo: Floyd Carman, Belmont’s town treasurer

The Belmont Select Board is set to move quickly to implement one of the major reforms called for in a scathing review of the town’s governmental structure by converting the critical Town Treasurer’s position from an elected post to an appointed one as it takes advantage of the reported retirement of long-term incumbent Floyd Carman.

The board’s announcement, made at its Aug. 29 meeting, has quickly elevated the revamping of the treasurer’s job to the most pressing of the 19 recommendations from the Collins Center’s review now before the three members.

“With [Carman] not running again, this is our chance to make the change,” said Board Member Adam Dash.

The select board’s unconfirmed announcement that Carman is retiring after 17-plus years in the position came as a surprise as Carman has not made his future plans public. When reached for comment, Carman said he’ll discuss his future after Labor Day.

First elected in 2005, the former John Hancock executive has been lauded by town officials and residents for his fiscal acumen, resulting in the town’s top-tier AAA bond rating – rare among municipalities – while negotiating debt servicing that provided savings to ratepayers.

With Carman now expected not to seek re-election in April 2023, the Select Board decided to move quickly to meet a major Collins Center recommendation to overhaul the position into an appointed post. The board believes, along with the Center, the town will benefit from a larger pool of qualified applicants as is done by nearly 80 percent of large towns and cities in Massachusetts which appoints their chief fiscal leaders.

“I think we got really lucky last time around that we were able to have [Carman] interested [in the position],” said Ellen Schreiber, who commented on the proposal. “And I don’t think that it’s going to be very easy to find a Belmont resident who has these qualifications.”

‘The most important issue we’re facing’

“I would put almost everything else in the report on hold … with the exception of the budget process, but far and away the treasurer question is the most important issue we’re facing,” said the Board’s Roy Epstein.

The race to transform the treasurer’s post is twofold: the treasurer will have a critical hand in how the town – which Warrant Committee Chair Geoff Lubien compared to a large corporation in its financial complexity – implements the budgetary and fiscal changes the Collins Center addressed.

“I think that the financial situation of the town is much, much more complicated than it was years ago,” said Schreiber, who said the treasurer’s post is “a professional position” which needs to be filled by someone who has made a career in the field.

Second, the transformation will need to take place before the 2023 Town Election in April, or a newly-elected treasurer will be on the job for three-years before the town will have the opportunity to make an appointment.

The board initially supported a plan where the appointed Treasurer’s position would be placed on the Special Town Meeting warrant which will open on Sept. 12. The measure would be brought to the STM in mid-November for members to debate and vote followed by a town-wide election in January. This will than allow the town to begin the hiring process for a new treasurer before the annual Town Meeting in May.

But the board’s blueprint was put on hold when the enabling legislation was unclear on what body – the annual town meeting or the voters – has the final say. The board will seek Town Counsel George Hall’s advice on the correct path to meet its goal.

Even with a plausible framework to move the treasurer’s position to an appointed post before the Town Election, Board Chair Mark Paolillo noted the move will be “a very controversial issue with immediate resistance in town” and it will need time to “socialize” the public on the need for a change.

“Do we have enough time to help folks provide input to us about this even though we may be unanimous on this and then have an election in January?” he said.

Town Moderator Michael Widmer, who attended the meeting to provide advice, said the board should proceed with its initiative even if it’s done in “at an accelerated timeframe,” noting the town is attempting to follow up on the recommendations “as expeditiously as possible.” If someone is elected to the treasurer’s post before the change is made, it will delay the Collins Center’s guidance by three years, which Epstein said “would be very unfortunate.”

If a January vote a possibility, “I would like to see all of us hold hands together on this and have a unified front saying ‘this is what we think is best for the town,” said Lubien. “I think it’s going to take that to convince folks that this is the right change at the right time.”

Last Year’s Failed Articles Return On Town Meeting’s Final Night

By Leave a Comment

Photo: Floyd Carman, town treasurer.

“If at first you don’t succeed, Try, try, try again,” goes the old proverb by Thomas Palmer. And on the final night of the 2018 annual Town Meeting, two articles that failed in 2017 will return for a second try before the town’s legislative body.

Articles 24 and 25 are not financial expenditures for renovating buildings or purchasing material, but rather, is a matter of “fairness” as each measure makes adjusts payments to retirees and spousal survivors, according to Town Treasurer Floyd Carman who is sponsoring the measures.

Tonight’s meeting – which reconvenes at 7 p.m. at the Belmont High School – will take up the remaining budgetary articles come before the 300-plus members, including the big-ticket articles such as the school ($57 million) and town budgets in Article 19, along with a vote to expend $770,000 from a stabilization fund to “cap” the former incinerator site on Concord Avenue at the Lexington town line. 

While the financial articles make up more than 90 percent of the town’s $116.2 million fiscal year 2019 budget, the articles are unlikely to stir-up members at Town Meeting as they have been vetted by the Warrant Committee and many members have discussed the motions at Warrant meetings. That is not the case with the two returning articles.

Speaking before the Board of Selectmen on May 30, Carman said the changes being proposed would bring benefits to town employees and spouses to the level what school teachers receive. 

Article 24 will increase the annual spousal benefit to surviving spouses from $6,000 to $12,000. While it is the doubling of the monetary outlay, only three survivors currently collect this benefit with a further 11 who could collect the perk. If accepted, the budget will increase by $15,456 in fiscal year 2019. 

In Article 25, the maximum cost of living adjustment (COLA) for town employees will be upped by $1,000 to $13,000 which is the level of Belmont School teachers, marking the first increase in 20 years. The change will provide eligible employees an extra $30 a year. The jump will impact the fiscal ’19 budget by an additional $9,960.  

Both articles were defeated by the 2017 Town Meeting by a nearly two to one margin as members, who feared the town was likely to seek an operational and schools override in 2019 and were not in a mood to bring employees up to the benefit level of teachers. 

But Carman told the Selectmen that for “short money” the town will “bring a level of fairness” to all employees by providing a level playing field for all retirees. The Selectmen voted 3-0 to seek “favorable action” by members on both articles.

‘Big Number’: New Belmont High School Price Tag Likely Topping $300 Million

By 11 Comments

Photo: Residents viewing designs for the new Belmont High School, Jan. 16.

It was always assumed a new or renovated Belmont High School would cost a pretty penny for taxpayers.

After Tuesday’s joint public meeting led by the Belmont High School Building Committee, residents now have a clearer idea of the price tag to build a new school will require a whole lot of pennies, as in about 31 billion one-cent coins.

That’s the outcome of the initial financial analysis by Daedalus Project Company’s Tom Gatzunis, the owner’s project manager for the Belmont High School Project, who presented his work to a joint meeting of the Building Committee, the Board of Selectmen and the School Committee as well as a number of residents at the Chenery Middle School on Jan. 16.

“We are giving you a brief snapshot of where we are of the cost of all the different scenarios,” said Gatzunis, pointing out the analysis presented initial cost projections for four designs – two that are minor renovation/major additions, a major renovation/minor addition and all new construction – in three grade configurations; 9th to 12th, 8th to 12th, and 7th to 12th grades.

With the focus of the joint committee on building a 7th to 12th-grade structure – which would not require the town to build a new elementary school if a 9th through 12th scheme is chosen or commit to costly revamping classrooms in an 8th through 12th grade blueprint – the project price tag for a new high school including construction and soft cost would come to approximately $310 million for a 410,000 sq.-ft. multi-story building housing 2,215 students.

Go to the Belmont High School Building Committee webpage to see an updated designs from architect Perkins+Will and financial data from Daedalus.

If approved by Town Meeting and voters through a debt exclusion vote, the new Belmont high school would be one of the most expensive ever built in the US, trailing only two mega schools in Los Angeles. Locally, it would top the current priciest high school in Somerville at $257 million and the proposed new building in Waltham at $283 million and dwarfing the controversial Newton North High School that came in at $197.5 million that opened in 2010.

Belmont will not be on the hook for the entire amount. About 36 percent of the construction cost or $81 million will be absorbed by the Massachusetts School Building Authority which is working closely with the Building Committee on the project. With the reimbursement calculated into the cost, Belmont’s share of the project comes to approximately $231 million.

What the $231 million expense means to taxpayers was explained by Town Treasurer Floyd Carman who said at 4 percent interest over 30 years of level payments, real estate property taxes would increase by $184 per $100,000 of assessed value beginning in 2020, the year construction would start. 

Below is a chart of the yearly real estate tax increase for homes at three assessed values:

  • $500,000 – $920
  • $750,000 – $1,387
  • $1 million (the average residential assessment in Belmont as of fiscal 2018) – $1,840

“The numbers are the numbers,” explained Carman.

There are less expensive options including renovating the existing school with not additions or new construction at $124 million with Belmont picking up $92 million. And a 9-12 school would be in the $180 million range, which does not include the cost of a new elementary school that Belmont Superintendent John Plehan has said would be required to meet the ever-increasing enrollment numbers in Belmont’s school.

Phelan said if any of the 9-12 designs are selected, the town would need to come up with between $72 million to $82.5 million for a new elementary school and renovations at three of the four elementary schools and the Chenery.

Whether it was sticker shock or the outcome of the analysis was expected, committee members and the public did not have any immediate reaction to the big numbers generated by the project. 

“Wow, I thought there would be a lot more questions,” said Building Committee Chair William Lovallo. He noted that the committee will not return to the cost component until mid-summer “when we will have better numbers.” 

The next joint meeting will be Tuesday, Jan. 23 when the School Committee will vote on a grade configuration moving forward while the Building Committee will select a design scheme. 

Town Election ’17: Carman Seeking Re-Election as Treasurer

By Leave a Comment

Photo: Floyd Carman.

Belmont Town Teasurer and long-time resident Floyd Carman told the Belmontonian this week he will be running to retain his post as the town’s manager of its financial assets and liabilities and tax collector.

Now in his 12th year in the post, Carman is known for his ahearance to conservative financial principles which he says is one reason the town has maintained the gold standard Triple A rating from Moody’s, the bond credit rating firm, for most of a decade. 

Carman was first elected treasurer in 2005, winning a close race over Danelia Boccia. He has run unopposed since.

Born in Cambridge, Carman spent four decades with John Hancock, reaching the position of vice president before retiring in August 2005. The Brighton Street resident matriculated at Bentley College and received his MBA in Finance from Western New England College.