The city has more than 2,000 nuisance buildings it plans to demolish to eradicate neighborhood blight and right-size the housing stock. Unloading property would also help curtail the $400,000 the city spends to mow the more than 4,000 vacant lots once each year.
General fund budget in the red
In other business from the Wednesday, June 23, City Commission meeting, the general fund projection is still $6 million short of the original $155 million budgeted for this year. Blame the majority of the shortfall on declining income and property tax revenues.
City Manager Tim Riordan has attended more than a dozen community meetings to hear what residents want to do about the budget woes. A potential income tax hike has been the hottest topic. Raising the city’s income tax of 2.25 percent another 0.25 percent would generate about $10 million, he said.
Voters would have to approve any income tax hike. There has been no talk publicly as to when an issue could be put on the ballot.