For those interested in the particulars about our city’s debt the city has reported that as of January 31, 2017 we owe one billion, two hundred ninety three million, thirty thousand dollars ($1,293,030,000) in general obligation debt.
We also owe:
$665,715,000 in water and sewer revenue bonds
$ 16,330,000 in airport revenue bonds
$ 96,607,000 in municipal drainage utility system bonds
$ 60,995,000 in ball park revenue bonds
That adds up to another $839,647,000 for a total of $2,132,677,000.
Payments on the $1.29 billion in general obligation debt are about $103,578,000 per year.
They reported property tax receipts at $153,490,605 for 2016.
We deserve better