Let’s see. $66 million in Certificates of Obligation raises the average residential tax bill $50 a year. So issuing $180 worth of Quality of Life bonds will raise property taxes another $150, about.
And, if the arena is approved, our new mayor has claimed that $180 million isn’t enough. We can expect another $100 million on top of that, maybe.
All of that foisted on a dwindling tax base.
What a way to run a city.