May 20, 2019

Prop 2 1/2 overrides disappearing, but taxpayers still pay

Eli Sherman ,

Wicked Local

But within the last decade, new construction and rising property values have helped boost local revenue, offsetting a declining share of state aid provided to municipalities, which fell to 19 percent of municipal revenue in fiscal 2018 compared to 28 percent in fiscal 1999, according to a 2019 report by the Massachusetts Taxpayers Foundation. The increase in new building and property values has also made overrides less common.