The General Assembly has given approval to legislation that will allow the Town of Warren to delay its scheduled 2015 revaluation process for one year.
Passed in concurrence by the House of Representatives was a Senate bill, 2014-S 2970, sponsored by Sen. Walter S. Felag Jr. (D-Dist. 10, Bristol, Tiverton, Warren). Also passed by the House was a companion bill, 2014-H 8277, introduced by Rep. Jan P. Malik (D-Dist. 67, Barrington, Warren). That bill awaits a final Senate vote today.
The sponsors said the legislation was requested by the Town of Warren because it lacked the funds to pay for the $245,000 revaluation process in the next fiscal year. The community is already facing a budget with a nearly 7.3 percent increase in spending and sought the revaluation delay to avoid an extra tax burden on its citizens.
State law establishes the process and timetable for revaluations by the various communities. Warren, which last conducted an assessment of valuation update in 2012, was scheduled for another in 2015. The legislation, if signed into law by the governor, will delay that process until 2016.