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. The options of the second path are the options of last resort, options that we will only employ if there is no other means of arriving at a balanced budget. (02:15–02:23)
CLAIM
Asserts that without other measures, property taxes would need to be raised and reserves used to balance the budget.
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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