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Lowell City Council sets FY26 minimum residential factor; CFO outlines tax-rate shift and new-growth contributors
Summary
Council voted to adopt the minimum residential factor for FY26, a routine Proposition 2½ requirement that shifts tax burden away from residential property; CFO Baldwin explained the calculation, cited significant new growth (227 new apartments) and estimated a phased-in tax-rate impact equating to roughly a 1.6 percentage-point levy addition tied to the high school debt.
The Lowell City Council voted Dec. 2 to adopt the Minimum Residential Factor (MRF) for fiscal year 2026, a required annual action under Proposition 2½ that determines whether the city uses a split tax rate and how much tax burden may be shifted off residential property.
CFO Baldwin described the mechanics: Lowell maintains a split rate with separate residential and commercial (CIP)…
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