Lowell officials: cannabis host-community payments and investment income will shrink next year; exemptions and abatements available for taxpayers At a public session, staff said recent regulatory changes and drawn-down ARPA funds will reduce revenue (about $1M from cannabis host-community agreements and lower investment income), and they outlined tax-exemption and abatement options for residents on fixed incomes.

Lowell officials are grappling with a $1 million revenue drop from cannabis agreements and lower investment income, leaving residents seeking answers on how to avoid rising property taxes.

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