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Wednesday, 09 May 2007 21:00 |
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ARTHUR JOHANSON and MICHAEL GUARCO This year, especially, there is a lot of talk about property tax reform and a tax cap. However, little is said about the most important tool in accomplishing both - the necessity to strengthen the ability of municipalities to manage their own budgets, effectively and efficiently. Only by reducing the negative impact of state interventions into local fiscal affairs can meaningful reform be realized. The steadily decreasing control that towns have over the cost drivers in their own budgets is the primary cause of the property tax dilemma we face. |
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