Reflections on “Belmont’s Fiscal Cliff”

 Newsletter, Sept/Oct 2022  Comments Off on Reflections on “Belmont’s Fiscal Cliff”
Sep 092022
 

By Vincent Stanton, Jr. Although “Belmont’s Looming Fiscal Cliff” makes several important points about Belmont’s tax base, some of the details should be clarified for BCF readers.  Lexington and Watertown have both recently raised taxes, largely driven by the construction of new schools. Lexington’s most recent tax increase was in June 2022, when voters approved a debt exclusion to fund a $35.2 million new police station. The average tax bill is expected to increase by $258/year in the first year. Previously, in December 2017, Lexington voters approved debt exclusions for two new schools and a new fire station with an [READ MORE]

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