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"Without the tax base as a means to generate additional tax revenue..."

I'm confused, Warren has loads of businesses downtown & on RT 136, restaurants along the river, high priced condos on RT 114, waterfront homes on Touisett. It seems to me that they do in fact have a tax base. Has anyone looked at Warren's property values versus those of Bristol's? If Warren is such a great place then they should have comparable property values to Bristol and Borrington.
From: Warren gets state OK to exceed property tax cap

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A lifelong Portsmouth resident, Jim graduated from Portsmouth High School in 1982 and earned a journalism degree from the University of Rhode Island in 1986. He's worked two different stints at East Bay Newspapers, for a total of 18 years with the company so far. When not running all over town bringing you the news from Portsmouth, Jim listens to lots and lots and lots of music, watches obscure silent films from the '20s and usually has three books going at once. He also loves to cook crazy New Orleans dishes for his wife of 25 years, Michelle, and their two sons, Jake and Max.

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