Wednesday, December 29, 2010

Municipal Bankruptcy

I am starting to see this as a real possibility.    Not in the short-term but 10-15 years from now?   There is no doubt in my mind that the City of Worcester will be at their maximum tax levy limit within 2-3 years.   Although it was good to see something other then the lowest residential rate approved, both residents and businesses got an increase.  

Do not see the City of Worcester at this

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