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Because taxes often go toward benefits and paying old debts, Dr. Edward Mazze, Distinguished University Professor of Business Administration at the University of Rhode Island, said the residents shouldn’t expect an increase in services in exchange for paying more in taxes.

“Relying on property taxes, most municipalities have little or no discretionary funds for emergencies or special projects,” Mazze said in October. “Towns and cities do collect other taxes and fees which are a small and important part of the municipal budget. The largest percentage of property taxes and other sources of revenue go to personnel, fringe benefits, interest on past borrowings/bonds and retirement and health benefits for former municipal employees. Road repairs and maintenance of municipal facilities and assets are often postponed because of a lack of funds.”

From: City pension plans in spotlight

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