|Newton voters rejected Mayor Ruthanne Fuller’s request to raise property taxes by $9.2 million for operating costs and supported two debt exclusion overrides to rebuild a pair of elementary schools.
Quite the contrary. We recognized that the city’s need for revenue was genuine.
We opposed the operating override because of the financially devastating impact a tax increase could have on many of our businesses -- particularly small businesses -- and commercial property owners.
Rampant inflation, labor shortages, soaring wages, rising utility costs from the war in Ukraine, supply chain shortages, high borrowing costs, depleted savings, some of the nation’s highest child care costs, the possibility of a recession, and a softened demand for office space, drove our decision.
Next time, we hope conditions are such that we can, once again, endorse a tax increase, just as we did in 2013. But this time, we felt City Hall needed to hold a line on its spending, just as so many of our employers have.
And unlike the No Newton Override campaign, we took no joy in Tuesday’s outcome. The financial pressures on many of our business -- and the city -- in 2023 are real.
We’re committed to working collaboratively with the mayor and other city leaders on solutions that support of the city’s schools, services and economy. Just as we always have.