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City of Methuen Master Plan

City of Methuen Master Plan

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<strong>Methuen</strong> <strong>Master</strong> <strong>Plan</strong> 2007<br />

FISCAL ANALYSIS GOALS, OBJECTIVES, AND STRATEGIES<br />

Goal FA-1: Strengthen the <strong>City</strong>’s fiscal stability and stabilize its tax base through<br />

sustainable growth.<br />

Strategies:<br />

FA-1.1: Complete a comprehensive tax base analysis in order to determine and maximize the<br />

fiscal benefits <strong>of</strong> public and private tax base investments and stabilize the property<br />

tax rate. Sometimes communities concentrate their tax base investment focus on<br />

supporting new developments at the expense <strong>of</strong> its existing building stock. Targeted<br />

investment in existing neighborhoods and building stock is <strong>of</strong>ten more realistically<br />

achievable in stabilizing the property tax rate than encouraging new development<br />

alone. Based on the city’s tax base, development trends and current market<br />

conditions, a strategic investment plan should be developed.<br />

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