“4. Shall the Town of Charlton be allowed to exempt from the provisions of proposition two and one-half, so-called, the amounts required to pay for the bond issued in order to design, construct, and equip a new highway operations facility?”
As a little background for those unfamiliar with Prop. 2½, it was a measure passed by ballot initiative in 1980. Each municipality in Massachusetts has a “levy limit”, which is the maximum that they can levy in property taxes each year. This limit gets increased each year by 2½% plus an adjustment for any new growth in the town. However, a town can pass a ballot question to increase their levy limit permanently (a “Prop 2½ Override”) or temporarily to pay for something (a “Prop 2½ Debt Exclusion” or “Prop 2½ Capital Outlay Exclusion”). (Although often colloquially the temporary form will be called an “override” as well.)