Massachusetts tax cap not a cure-all

New York state lawmakers may tout the effectiveness of neighboring Massachusetts’ tax cap, but many residents there say it doesn’t work.

Voters in North Adams, Massachusetts will vote whether to repeal Proposition 2 1/2 on June 24th after facing several years of revenue problems. “We funded our budgets for the last four years with reserves and we can’t do that anymore,” said Richard Alcombright, mayor of North Adams.

Passed by the state legislature in 1980, Proposition 2 1/2 caps at 2.5 percent the annual amount of revenue a city or town can raise from local property taxes. See the full story, which aired on television station YNN, at:  Debate over tax cap in Bay State

No comments yet.

Post Comment