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Candidates propose overrides, development and new taxes to close Malden budget gap
Summary
Candidates told a youth forum Malden faces a structural budget gap and floated a mix of short‑term and long‑term revenue options, including a tax override, commercial development, meals/hotel taxes and taxing short‑term rentals.
At a youth‑moderated forum, multiple Malden city council candidates described the city’s finances as under pressure and outlined several potential revenue strategies ranging from asking voters for an override to pursuing commercial development that would grow the tax base.
"We do have budget challenges in Malden like many cities and towns," said Carrie McDonald, who identified herself at the forum as the chair of the Finance Committee. McDonald said the council is discussing both expense reductions and asking voters to approve a tax‑rate increase via an override as a short‑term bridge while the city pursues longer‑term commercial development.
Craig Spad…
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