My Turn: Heath faces a long-term financial challenge
Published: 4/11/2021 8:11:59 AM
Heath stands at a financial crossroads. Our historic hilltown faces an unprecedented financial challenge that will escalate over the next few years. With busy, stressful lives, it can be hard to focus on problems that unfold over time. But we must focus and act now to ensure a viable financial future for Heath. Decisions we make at our May 8 Annual Town Meeting will affect Heath’s financial health for years to come.
This challenge has been 40 years in the making. In 1980, Massachusetts passed Proposition 2½, capping property tax rates at $25 per $1,000 of a town’s assessed valuation. Currently, at $22.52, Heath has the seventh highest tax rate of 351 Massachusetts municipalities. Our taxes have risen steadily over the years. We are getting perilously close to the $25 ceiling.