Mass. city could face myriad budget woes

11/20/2012 | Republican (Springfield, Mass.), The

The Holyoke, Mass., City Council Finance Committee did not come up with a solution during a meeting for the budget, which must deal with increasing costs and decreasing property values. Among possible challenges are decreased tax revenue from a coal plant that had to reduce operations, property values that have decreased 2% to 3% compared with last year and a need to exceed a pre-approved tax rate on commercial property.

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Republican (Springfield, Mass.), The

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