Findings
The task force members unanimously agree that:
1) Newburyport currently does not have funds to sustain the level of municipal services currently being provided.
2) Costs continue to rise at approximately 5% annually with revenues limited to a 2½ % local property tax increase plus the dollars generated from new growth and local aid from the state and federal government.
3) The city does not anticipate a significant increase in state or federal assistance this year.
Ay caramba.
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