CITY CONSIDERS A FURTHER PROPERTY TAX INCREASE
Margaret Thatcher famously said - "The trouble with socialism, is that eventually you run out of other peoples money to spend". Regardless of your political views, the point is well made and government officials at all levels pass budgets that prove it true. On Thursday City staff recommended a property tax rate hike to 7% for the 2024 budget.
I'm going to close with 2 other sayings. The first is that the city continues to spend taxpayers money like a drunken sailor and for many of those taxpayers the well is running dry.