This is a screenshot from the City’s financial presentation from Monday’s Work session.
The City must still issue $240M in debt from the 2019 Public Safety Bond and $220M from the 2022 Community Progress Bond.
Both of these general obligation bonds were approved by the voters.
The Mayor broke his campaign promise to lower our property tax when City Council voted for a 4.3% property tax increase last August, but that is nothing compared to what the taxpayers will face in FY2026 and FY2027 when the City starts issuing large amounts of debt.
Get ready to be fleeced!