Jim Laak, a member of the town's Homestead Exemption Ad Hoc Committee, told the council that the committee modeled a revenue-neutral plan that shifts a modest tax increase onto nonresident property owners while reducing taxes for most resident owners. "If your house is currently assessed at $400,000 ... For a resident, you'll save $438," Laak said during his presentation, summarizing the committee's scenarios.

Laak said the draft is designed to hold town revenue steady while offering relief to resident homeowners by exempting a fixed amount from the taxable assessment. He described the mechanics in examples and stressed the committee's goal of neutrality: "That’s how the revenue for the town stays constant."

Council members asked clarifying questions about legal and timing constraints. The town solicitor told the council the proposal is "unique" but did not identify any legal barrier to forwarding a locally crafted exemption to the state legislature for approval. Ben Kennedy, a resident, asked whether any feature of the draft could delay approval; the solicitor replied the proposal's local scope is not itself a barrier.

Councilors moved to schedule the draft for a public hearing and to proceed so the town can transmit a finalized proposal to the General Assembly before the legislative deadline discussed in the meeting. The motion carried on an aye vote.

The council and committee members said they expect public comment at the hearing and indicated the solicitor could revise the text to reflect concerns raised during that review. The committee's presentation and the vote to advertise for public comment set the next formal step in the town's process toward seeking a homestead-exemption law that would be enacted at the state level.