We fully support the Planning Board, FINCOM and Select Board recommendations to take no action on citizens warrant aricles 2-7 even if they are called by their supporters on the floor of STM. In summary and with further detail:
Kathy Baird for Nantucket Together
Make up your own mind about newly proposed Citizens Warrant Short Term Rental Proposals. Read the facts and analysis regarding Nantucket vacation rental data produced by independent data aggregators working for the town and the Nantucket Association of Real Estate Brokers (NAREB) as well as local and national short-term rental information and trends here.
The Nantucket Association of Real Estate Brokers (NAREB) commissioned an independent study by the UMass Amherst Donahue Institute of vacation rentals that are managed by local real estate agencies. NAREB collected rental data from participating agencies for the period of 2019-2022, removed duplications and personal information and turned it over to the Donahue Institute for analysis and they published their report in June 2023.
ProcessFirst was selected by the town to delve into online rental platform, MA State STR registry, home sales data and combine it/ compare it to the extent possible with similar data being independently aggregated by the Nantucket Association of Real Estate Brokers (NAREB), removing duplicates and protecting personal information.
Tax them using the existing 3% Community Impact Fe
Section 501(c)(4) community organization
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