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The Finance Committee unanimously recommended that the City Council advance an $8.2 million additional real estate and personal property tax question for the March 31, 2026, special municipal election.
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The proposed measure would support Malden’s budget and ongoing services, including public schools, public safety, the public library, public works, and general government, beginning July 1, 2026. Officials said the amount reflects the city’s structural deficit, required school funding, and an anticipated penalty. Staff estimated that failing to fund roughly $6 million to $7 million of the deficit could require reductions affecting up to 60 full-time-equivalent positions. The committee’s recommendation is not the final ballot decision.
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