WOONSOCKET — Faced with a heavy outpouring of opposition from property owners, the City Council last night narrowly defeated a supplemental tax bill to wipe out a School Department deficit of $3.7 million.
The measure would have given the city authority to hike all classes of taxes — residential, business and business equipment — about 10 percent. The average homeowner would have paid roughly an extra $231 this fiscal year.
Though the hike would have been about the same on small businesses percentage-wise, they would have paid significantly more since they are already taxed at a higher rate.
(H/T: Michelle Malkin, Glenn Reynolds, and check out this Jim Geraghty piece). Continue reading Woonsocket Tea Party group stops supplemental tax increase.