Local tax revenues slow to rise

Dec 6 2015

AP / The Boston Globe

A new report by the Massachusetts Taxpayers Foundation finds that even as the overall economy improves, the state’s cities and towns are still feeling plenty of financial strain. Municipal revenues grew by a modest 3.8 percent in the last fiscal year, a figure that remains below historical averages prior to the recent recession. Wages for municipal employees grew by 3.7 percent last year, a rate higher than the average for private sector workers in Massachusetts. Municipalities collected a total of $14.6 billion in property taxes last year, an increase of 4.1 percent and the largest year-over-year increase since 2010, according to the report.
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