The proposals for an operating override and two debt exclusions, to be decided by voters in the March 14 special election, would each add to property-tax bills. The illustration in this article is based on the City’s example of the median home value in Newton, $1.2 million. The tax bill…
Posts published in March 2023
Several nonprofit organizations have publicly stated their views on three tax increases proposed by Mayor Ruthanne Fuller that will be decided by the three ballot questions in the March 14 election. One proposal is for an operating override to increase the amount the City can collect in property taxes next…
What is a structural deficit? A structural deficit occurs when recurring expenses increase faster than recurring revenues. Although State law requires every city and town, except Boston, to prepare balanced budgets, there is no requirement that those budgets are “sustainable” or structurally balanced (i.e., where recurring revenues are equal to…