TALK BACK
CHAMBER: TAX RATE HURTS BUSINESS RECRUITING
A vote by city council halted a slow transition back to a single tax rate that had been underway for five years.
"The split tax rate is like an addictive drug, it feels great starting out but withdrawal is so painful. At first if feels like a free ride to the residents, but businesses make decisions based on the total costs of a property, not just its price. The higher taxes come straight out of the rents they will pay, and therefore out of the value of the real estate. Commercial values go down, so after a few years the residential taxpayers are paying nearly as much as they would if there had been a flat tax all along. But the economy suffers, residents earn less, just a downward spiral. It is a darn shame that having gone through five years of the pain without much of the gain, Worcester is sliding back into the addiction, meaning more pain ahead (from the damaged economy if they keep the split, withdrawal pain if they go back towards even)."
- Anonymous
MASS. HAS 400MW OF WIND POTENTIAL
Massachusetts has the potential to generate up to 400 megawatts of wind power by 2020.
"Subsidies would be better spent on (photovoltaic) systems at existing properties that would reduce demand to the grid and not destroy the environment where installed. Additionally it would help people become more self-sufficient from utilities and responsible for energy consumption."
- Larry
WBJ Web Partners
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