In order to reduce Worcester's extraordinarily high tax rate, a hindrance to attracting and expanding commercial and industrial development, the Research Bureau urges City officials to adopt a policy of gradually reducing the commercial/industrial and residential tax rates over a period of years.
This report contends that, in order to stimulate economic development, Worcester should focus on prudent financial management, develop a concrete plan for providing property tax relief, and foster a healthier economic climate.
Worcester's tax rates are compared to similar and surrounding cities and towns.
Recommends that Worcester takes steps to bring the budget under control, and ensure that annual expenditures be kept at or below the rate of inflation.
The Research Bureau serves the public interest of Greater Worcester by conducting independent, non-partisan research and analysis of public policy issues to promote informed public debate and decision-making.
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