And if we do not go down the first path, the city will be forced down a second, more harmful path. Faced with no other choice, The city would have to exercise the only revenue lever for fully within our own control. We would have to raise property taxes. We would also be forced to raid our reserves to balance the budget as required by law. Our preliminary budget takes the only path within our control. The second path. (02:37–02:45)
CLAIM
Asserts that raising property taxes is the only revenue option fully controlled by the city.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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