New Bedford Businesses Plead for Light Tax Increases

New Bedford business owners appear willing to take an increase in their property taxes, but not as much as would befall homeowners.

Appearing before the City Council, the New Bedford Area Chamber of Commerce proposed a residential tax rate of $15.31 per $1,000, and a commercial rate of $30.52 per $1,000. That's compared to the current rate of $14.33 for homeowners and $29.64 for business owners.

Chamber of Commerce President Roy Nascimento says the proposal benefits both parties.