Coral Gables: Get Ready for More Property Taxes

You have seen the recent news that the city of Coral Gables had its bond rating reduced (the CFO says “slightly”), because all revenue sources, other than property taxes, are falling. Property tax revenues are not referenced because the city manager and the mayor have consistently proposed higher property taxes and taxing have been raised every year.  Reports of continuing falling property values are certain to appear near in 2011.

With other tax revenues falling, the city manager unable to reduce spending enough, and the hostility of the labor unions od overpaid firefighters and police, you may be certain to see higher property tax rates the next time around.

What do the candidates have to say about this (except for Mayor Slesnick who we know is a strong advocate of higher taxes.)

About Stephen E. McGaughey
International consultant in economic development programs and projects

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