No Property Tax Cut

BOSTON--Mayor Kevin H. White said yesterday there will be no reduction in city property taxes despite the grant of $62 million in state aid to Boston.

He also said, barring some unforeseen emergency, there will be no increase in the tax rate next year.

Gov. Michael S. Dukakis has asked White to reduce property taxes, but White said he prefers to use state money to meet old debts.

Deputy Mayor James V. Young said that the tax rate could be cut back a little, but the mayor felt that stability in the rate would prove more beneficial to investors, homeowners and rent-payers.

"The city is still in the hole by $18 million," Young said. "But by the end of the year there will be no cash deficit."