Property Tax Referendum Deadline Approaches
March 8, 2011 Leave a comment
By Marie DeNoia Aronsohn
The new two percent cap on spending and property tax increases is pressing municipal leaders around the state. Yesterday was the deadline for all towns to post public notice to its residents if they are planning to seek a waiver of the cap. According to the League of Municipalities, of the state’s 566 municipalities, just 16 have moved to leave that option open.
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