City of Methuen Master Plan
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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