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Mayor delivers State of the City; cites fiscal strength, public-safety investments and major development wins
Summary
Mayor delivered a State of the City address highlighting strong reserves, a lower tax rate, public-safety investments, infrastructure projects and recent economic development commitments including several large private investments.
Mayor delivered the State of the City address during the February council meeting, outlining the city’s financial position, public-safety initiatives, infrastructure projects and recent economic-development announcements.
The mayor reported strong fiscal reserves: a rainy-day fund of $9,230,586, unallocated EDIT reserves of $7,351,138 and total reserves of $16,581,724 (about 30% of the general fund, the mayor said). He said the city lowered its tax rate…
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