- May 24, 2017
Full and original article posted on Worcester Business Journal
As a follow up to its 2016 analysis highlighting the negative impacts of Worcester’s dual-tax rate, the Worcester Regional Research Bureau on Tuesday outlined ways for the city council to transition into a single rate.
Tax classification in Worcester has cost commercial and industrial taxpayers approximately $690 million since it was first approved in 1984, according to WRRB. The city council usually justifies shifting the property tax burden on businesses because it’s afraid of placing too much of a burden on residents, but, WRRB argues, no framework exists to indicate the extent of those perceived challenges or the impact of that burden.
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