In response to “Constructive’s” comment the other day, one of the things the city could do is to stop issuing debt, even if that means that we need to go without for a while.
The city’s 2020 budget will see us spending $52,850,000 in principal payments on debt and $61,066,101 for interest.
That comes to $113,916,101.
They plan to collect $325,181,058 in property taxes.
Yes 35% of what they collect from property taxes will have to be spent on things that we already have.
That’s before they sell the bonds for the multi-purpose performing arts center and the public safety bonds.
We deserve better