Malden faces revenue pinch

As Malden passed its 2017 operating budget at its town council meeting Dec. 13, some thoughts were turned to the future.

“Revenue is dropping,” said Karen Wallace, town clerk/treasurer.

While discussing the revenues for the town, Wallace also mentioned that it may be time for Malden to start looking into attracting businesses.

“We have no plans right now,” she told the Gazette. “But we need to attract businesses.”

Wallace said the financial woes in Malden are a result of a two-revenue stream budget: property taxes and state-sent money.

“We don’t have a school, and we have no businesses,” she s...