By Taylor Yates and Paul Joy Belmont has zoned itself into a financial corner. Fiscally healthy towns balance their tax bases between commercial and residential real estate, Belmont does not. Belmont receives only 5% of its property tax revenue from commercial real estate, whereas fiscally strong towns receive 20% or more. We receive so little revenue from commercial real estate because the few areas in town where it is allowed suffer from overly burdensome regulation. The Economic Development Committee and Vision 21 Implementation Committee were charged by the Select Board to review Belmont’s zoning bylaws and to look for ways [READ MORE]