Look up at that graph there. I lifted it from the budget presentation that the City gave to City Council last week.
The City forecasts that General Fund revenues will fall short of expenditures by $17.5 million next year, and $22.4 million the year after that. $32.2 million in 2026, $33.9 million in 2027, and $55.9 million in 2028.
Twenty million here and twenty million there, and pretty soon we’re talking about some real money.
The General Fund is chiefly dependent on property taxes for revenues, so don’t be expecting too much property tax relief from the City in the years to come.
I don’t know the forecast methodology. I don’t know if City Hall is sitting on a mother lode, or if they are expecting imminent bankruptcy, or if the City has a rabbit hidden in their hat, but if I were City Council, I’d try to stanch the bleeding.
But that’s just me.