Solutions Abound

Solutions Abound

Full and original article posted in Chamber Exchange (PDF – page 15)

A March 2017 Worcester Regional Research Bureau report found setting city tax rates is often “not a fact-based policy decision.” Thereport calls for development of criteria and a strategic approach that would encourage the city council to put forth its own rate proposals.

While working to mitigate financial challenges during the transition to a single rate, the Bureau’s white paper offered two strategies with a basic formula tracking changes in both residential and commercial/industrial rates.

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