Thus far, the city is doing a great job at showing their proposals, but they must also address whether they managed the existing money well.
Newton to Use Proposed Tax Increase for Sidewalk and Road Improvements, Officials Say
The proposed increase would allocate $1.4 million toward funding street and sidewalk paving and improvements.
Newton Business Chamber Leader Questions Timing of Proposed $15 Million Tax Increase
“But at a time when our employers are battling inflation, wage pressure and a looming recession, a property tax increase feels like a lot to ask of our business community,” Greg Reibman said.
Newton Mayor Proposes $15 Million Tax Increase at Monday Speech
Newton Mayor Ruthanne Fuller proposed a $15 million tax increase at a city hall address on Monday, citing the city’s need for additional funds for improvement projects.
House Tax Bill Would Cost Endowment, Grad Students
The proposal calls for a 1.4 percent excise tax on the endowments generated by large, private institutions, such as BC. The University announced in September that its endowment had reached $2.4 billion.
The Complication of Taxation
“If we can figure out a way to simplify the tax code—a nonpartisan endeavor—then we will make our workforce more productive. Of course, limiting regulations and lowering taxes would also help, but with a divisive political field, simplification is one task that we can readily achieve.”