Needham finance chief outlines limits on property tax, role of new growth and free cash Assistant Finance Director Cecilia Simchak told the Council for Economic Advisors that Needham’s primary revenue is the property tax levy, explained Prop 2½ constraints, described how ‘new growth’ and free cash expand spending capacity, and cautioned against relying on one-time revenues for ongoing operations.

Needham's finance chief reveals how property tax limits and new growth are shaping the town's financial future—are we ready for what's next?

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