I guess the city was going to drop that little bomb during the informational meeting today;
The rumor was the bonds were going to be around $70-$80 million.
If you read the entire financial report, you will see the city’s sales tax collection isn’t really great, and they budgeted for a 6% increase.
Why on earth during a mild recession and record inflation you would budget like that is beyond me. Looks like sales tax collections this year will be around 3-4%.